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Government Emergency Ordinance no. 62

Purpose: Adoption of measures in the corporate sector, regarding the procedure of statutory bodies meetings during the state of emergency.

Main measures:

  • General assemblies of shareholders/associates may be held by electronic means of direct communication (such as teleconferencing, videoconferencing), subject to the secrecy of the vote, if applicable, and the right to vote by mail. The general assemblies may take place by electronic means even if the articles of incorporation prohibit it;
  • The electronic means of communication must allow compatibility with recent technology, identification of participants, real time transmission of information, bidirectional communication, voting;
  • Information/documents/issues on the agenda must be posted on the company’s website or e-mailed to the shareholders;
  • The legal deadline for the general assembly is extended until July 31 2020.