3 April, 2020
Following the Ministry of Public Health’s announcement declaring COVID-19 as a dangerous communicable disease, the Department of Business Development, Ministry of Commerce (MOC) has issued a mitigating measure, allowing companies that cannot hold meetings within the deadline prescribed by the law due to the COVID-19 epidemic, to submit a clarification letter to the MOC after holding the meetings.
Although the MOC’s wording is not explicit, the MOC's measure should apply to the meetings with specific deadlines under the law, e.g., annual general meetings which must be held within four months after fiscal year-ends.
The measure applies to private limited companies, public companies, trade associations and chambers of commerce who have been affected by COVID-19.
We will keep you informed of any further updates.
For further information, please contact:
