Basic tasks of the regular General Meetings, (annual):
- To decide on an annual financial statement, how to deal with profit or to deal with loss
- Assesses the work of the bodies, grants discharge (see below)
- Discusses the Annual Report on activities of the JSC and the state of its assets
Other general meetings are called extraordinary (convened by the minority shareholder, the board of directors - JSC reports a loss of 1/2 of the basic capital or is in bankruptcy, the Supervisory Board – required by the interests of the JSC).
In one-person JSC the General Meeting does not take place, the competence is exercised by 1 shareholder.
