Article 124 of the new Corporate Law concerns the time period allowed for the calling of assemblies, such which changed from eight days to fifteen days for the first call and from five to eight days for the second call. However, upon request from any shareholder, the CVM may, at its own discretion (or, in other words, it may decide for itself, but always taking into consideration compliance with the law), extend this period to up to 30 days or even interrupt the progress of the period for up to 15 days should it believe it necessary to establish a longer period in order to better analyze the proposals to be presented to the assembly.