The point is that the draft then needs to be approved by the board of commissioners of each merging company. The merger was approved by the GMS In the process of applying for a merger of two companies or a merger there must be approval from each board of commissioners who wish to merge. Then the draft must be submitted to the GMS General Meeting of obtain approval.
In order for the merger to be successful the plan must be approved by the buy bulk sms saudi arabia shareholders present at the GMS. You need to remember that a draft can be said to be valid if at least of the total number of votes cast. For this reason make a detailed and clear plan. Making a deed of merger The deed of merger is made after each GMS has been successfully approved.
After the deed is made a copy must be made to be submitted to the Minister of Law and Human Rights. Please note that submitting approval to the minister is very important especially if there are changes to the articles of association. For this reason the parties involved need and are obliged to submit an application to obtain approval from the relevant minister regarding changes to the articles of association.