In accordance with the Company Law of Mongolia, if a regular shareholder meeting is not called and held within the four months following the end of each fiscal year of a company, the authority of the Board of directors except for the authority to call the shareholders meetings shall be terminated.
The authority of the Board of Directors of the following 52 companies except for the authority to call the shareholders meetings has been terminated, as they have not held the shareholder meeting within the specified period:
|
1 |
AR TARKHI |
19 |
DORNOD |
37 |
TUV US |
|
2 |
AUTOZAM |
20 |
DULAAN SHARYN GOL |
38 |
ULAAN SAN |
|
3 |
AGROTECHIMPEX |
21 |
EUROFEU ASIA |
39 |
ULIASTAI TEGSH |
|
4 |
AJLYN HUVTSAS |
22 |
JINST |
40 |
KHANGAL |
|
5 |
ALMAAS |
23 |
IKH BARILGA |
41 |
KHARGIA |
|
6 |
AR BAYANKHANGAI |
24 |
IKH NUUR |
42 |
KHARSHIIN GEGEE |
|
7 |
АSBI |
25 |
IKH UUSGEL |
43 |
KHUDUUDIIN TEEVER |
|
8 |
BAYALAG NALAIKH |
26 |
MONASAR |
44 |
KHURTAI |
|
9 |
BAYLAG SHAR. GOL |
27 |
MONNOOS |
45 |
KHUNS ARKHANGAI |
|
10 |
BAYANTALBAI |
28 |
MUNKH JIM |
46 |
KHERLEN KHIVS |
|
11 |
BAYANTOOROI |
29 |
MUDIX |
47 |
CHANDMANI DUNDGOVI |
|
12 |
BINSE |
30 |
NIISLEL URGUU |
48 |
CHANDMANI DUND UUL |
|
13 |
BOROOGIIN UILDVER |
31 |
NOMIN KHISHIG |
49 |
SHIM |
|
14 |
BUTEEL |
32 |
UV USJUULAGCH |
50 |
ERDENET ZANDAN |
|
15 |
GANTUMURT |
33 |
ULZII DUNDGOVI |
51 |
ESGII GUTAL |
|
16 |
GLOBAL MONGOLIA HOLDINGS |
34 |
URGUN KHEREGLEE |
52 |
ORGIL GOVI-ALTAI |
|
17 |
GOVIIN UNDUR |
35 |
SELENGE IMPEX |
||
|
18 |
GONIR |
36 |
SELENGE SUREG |
FRC warns the shareholders, the executive management, partners and other related parties that any agreements or transactions made with these companies after May 1, 2017 shall be deemed as invalid.
Source: FRC website