The calling of general assemblies is the responsibility of the administrative bodies, although in certain
cases minority shareholders can call them:
- should the administrators delay the call for more than 60 days during situations in which the Law or the articles of association expressly stipulate the holding of a general assembly;
- minority shareholders who hold at least 5% of the capital stock, individually or jointly with other shareholders, have the right to request a call for an assembly to discuss issues which they believe to be in the best interests of the company;
- when the request for the calling of an assembly to decide upon the installation of the audit committee has not been acted upon by the company administrators within eight days, those shareholders with at least 5% of the voting capital or 5% of shares without the right to vote may call a general assembly;
- in cases of public offers for the acquisition of shares issued by a public company which are in circulation in the market, due to the cancellation of the registration of an open company, or an increase in the share of the controlling shareholder representing at least 10% of the shares in circulation in the market (float).