The Board and shareholders of a Company must ensure that national shareholding is in accordance with the minimum requirements set out in sub-article (1) of Article (13) of this Regulation and shall take reasonable measures to achieve compliance with this minimum requirement.
Companies must inform the Central Bank at the time of the invitation by the Company's Board to a general assembly meeting when a proposed shareholding change is on the agenda.
4.
The Central Bank may send one or more representatives to attend a general assembly meeting including when a proposed shareholding change is on the agenda, without having any right to vote. The presence of such representatives shall be stated in the minutes of meeting.
5.
a.
The Central Bank may take all measures it deems appropriate to maintain conduct of operations of Companies, within the frameworks and limits set by the Board of Directors of the Central Bank.
b.
The Central Bank may:
1.
Request to hold a meeting of a general assembly of the Company to discuss any issue the Central Bank deems important;
2.
Request to include any item that the Central Bank deems necessary into the agenda of a general assembly meeting of the Company;
3.
Stop the implementation of any decision issued by a general assembly of the Company in the event that it violates the laws or Regulations in force.