Can you please expalin me the following in simpler words:
1. Class meetings - Quorum - Two persons holding or representing by proxy at least one-third in the nominal value of the issued shares of the class in question.( Chapter Corporate Administration)
2. (Chapter Fraudulent Behaviour- Money laundering- the three phases) Integration - culmination of the previous procedures through which the money takes on the appearance of coming from legitimate source.
3. ( Chapter Insolvency - Members voluntary liquidation)The members appoint a named insolvency practitioner as liquidator.
PLEASE REPLY, Thanks in advance
1. Class meetings - Quorum - Two persons holding or representing by proxy at least one-third in the nominal value of the issued shares of the class in question.( Chapter Corporate Administration)
2. (Chapter Fraudulent Behaviour- Money laundering- the three phases) Integration - culmination of the previous procedures through which the money takes on the appearance of coming from legitimate source.
3. ( Chapter Insolvency - Members voluntary liquidation)The members appoint a named insolvency practitioner as liquidator.
PLEASE REPLY, Thanks in advance
