CmaBylaw
Executive Bylaws
3-12-1 Of Module Nine: Mergers and Acquisitions
Section: Chapter Three: Acquisitions
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Sunday, 12 February 2017
Any shareholder or a number of shareholders, whose ownership percentage of Shares of a Listed Company is not less than 5% and not more than 30%, may submit to the Authority an objection of the decisions of an ordinary or extraordinary general assembly in accordance with the following conditions: 1. The objection shall be submitted within fifteen days from date of the issuance of the resolution objected to or their knowledge thereof, whichever is longer. 2. The objecting shareholders shall not be among those who approved the objected resolution. 3. The objected resolution shall constitute an abuse of minority rights.
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