Timely forwarding of the notice of convocation of the shareholders’ meeting of a limited liability company: presumption of receipt
Through judgment no. 144770/2012 the Court of Cassation referred to the First President of the Supreme Court evaluation of the expediency of entrusting to the Joint Divisions the decision regarding the nature of reception of the meeting convocation notice sent to shareholders of a limited liability company.
More specifically, the court raised the question of whether, in terms of the validity and efficacy of the convocation of the shareholders’ meeting of a limited liability company, it is sufficient that the convocation notice is timely forwarded to the shareholder to the address indicated in the shareholders’ register within the deadline established in the memorandum of association (or, failing this, at least eight days prior to the meeting, as laid down in article 2479-bis of the Italian Civil Code), or whether the convocation has to actually reach each of the shareholders before the date of the meeting in order to permit the attendance of the shareholder at the meeting.
Among the rare precedents in case law we can mention Cassation ruling no. 3587/1975, in which the court upheld the absolute presumption of knowledge of the convocation by the addressees when the forwarding had taken place in accordance with the established provisions, and ruling no. 15672/2007 in which the court deemed the shareholder’s non-receipt of the convocation irrelevant when it depended on reasons attributable to the shareholder himself…
If you are registered and logged in to the site, click on the link below to read the rest of the NCTM briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from NCTM
News from The Lawyer
Briefings from NCTM
Decree-Law 133/2014, known as the ‘Unlock Italy Decree’, has significant implications for the telecoms sector. In particular, a 50 per cent tax credit is envisaged for wideband in ‘white areas’.
Shipping and Transport Bulletin — dredging in Italian ports; cross-border shipments of waste; and more
NCTM has released the December 2014–January 2015 edition of its Shipping and Transport Bulletin.
Analysis from The Lawyer
Being sent to London on secondment is a prized opportunity for associates in European firms