Are there any filing requirements for a change of directors or a change in shareholding in Egypt?
The requirements for a change of directors differ based on the company and the type of change, but they are mainly as follows:
- acceptance of resignations of directors of a JSC may be adopted through a board of directors’ meeting until approved by an ordinary general assembly meeting (OGM), but an extraordinary general meeting (EGM) is required in an LLC;
- appointment of new directors requires an OGM in a JSC, and an EGM in an LLC; and
- replacement of representatives of juristic persons in a JSC may be adopted through a board of directors’ meeting or an OGM.
The change in shareholding must be reflected in the company’s bylaws, which require the convocation of an EGM in both a JSC and an LLC.