Hanner & Ofer, Lawyers in Israel >> Israel Company Registration >>
Israel Company Registration >> List of Company Law Articles >> Israel Company Law
Israel Company Registration
Nominee Shareholder
Nominee Director
Incorporate with a Nominee Director
Nominee Director Duty
Foreign Company Options

Register foreign company in Israel

Israel Options Comparison
Declaration of Trust
Deed of Trust
Foreign Shareholder
Corporate Foreign Shareholder
Israeli Company F.A.Q
Israel Company Law
Search a company

by name or registered number

List of Companies

List of Israeli public companies

Israel Company Law
Interpretation of the law
Foundation of a Company
Incorporation
Right of Incorporation
Legal Personality
Establishment and Registration of a Company
Purpose of Company
Acts Performed by a Promoter
Articles of Association
Contents of Articles and their Alteration
Name of the Company
Objects of the Company
Registered Share Capital and Distribution Thereof
Limitation of Liability
The Registrar of Companies
The Companies Registry
Keeping of Registers
Appeal
Structure of the Company
Organs of the Company
Powers and the Liability for Acts
Division of Powers Among
Principal Organs
Liability of Company for Acts of Organs
Liability of Individuals in an Organ
Avoidance of Unauthorized Acts
The General Meeting
Powers of the General Meeting
Annual General Meeting and
Special General Meeting
Convening and Direction of
General Meeting
General Meeting of a Private Company
Quorum at General Meeting and Chairman of General Meeting
Voting at General Meeting
Voting by Voting Paper and Statement of Position
Minutes of the Meeting
Defects in Convening Meetings
The Board of Directors
Powers of the Board of Directors
Chairman of Board of Directors
Convening of Meetings of Board of Directors
Meetings of the Board of Directors and their Direction
Voting at the Board of Directors
Minutes of Meetings of the Board of Directors
Defects in Convening Meetings of the Board of Directors
Committees of the Board of Directors
Audit Committee
The General Manager
Administration of the Company
Register of Shareholders and Substantial Shareholders
The Registers
Register of Shareholders
Registration of Share Warrant
Register of Shareholders and Shareholders Outside Israel
Reporting
Reports of Private Companies
Reporting by Public Company
Internal Auditor in a
Public Company
Auditor
Appointment of Auditor
Independence
Ending of Auditor’s
Term of Office
Fees Payable to Auditor
Powers, Duties
and Responsibilities of Auditor
Financial Reports
The Shareholder
The Shareholder and the Share Certificate
Rights and Obligations of Shareholders
Derivative and Class actions
Derivative Action and Derivative Defense
Representative Action
Office Holders in a Company
Directors’ Appointment and Term of Office
Term of Office of Director and Termination thereof
Restrictions on Appointment and Termination of Office
Corporation as a Director
Substitute Director
External Director
Appointment and Dismissal
of Other Office Holders
Duties of Office Holders
Duty of Care
Fiduciary duty
Exemption, Indemnification and Insurance
Rights of Director
Transactions with Interested ies
Capital of the Company
Securities and Transactions Therein
Freedom to Diversify
Registered Share Capital
Issue of Securities
Transfer of Securities
Preservation and Distribution of Capital
Permitted Distribution
Dividend
Purchase
Prohibited Distribution
Redeemable Securities
Acquisition of Companies
Merger
Special Tender Offer
Forced Sale of Shares
Purchase of Shares of the Minority by Holder of Control
Power to Purchase the Shares of Opposing
Shareholders
in a Private Company
General Provisions
Alteration of Class of Corporation
Foreign Companies
Compromise or Arrangement
Remedies
and Monetary Sanctions
Remedies
Monetary Sanctions
A Public Company
Traded Outside Israel
Regulations
 

Israel Company Law 1999

 

Miss Sahara Ozer, will attend to you (in English)
at Phone No. +972 3 546 88 88

 

In case of emergency, call Gabriel Hanner
at his cellular: +972 50 552 33 33

 

Companies Law 1999

Article C: Ending of Auditor’s Term of Office

 

162. (a) The general meeting may terminate the auditor’s term of office.

(b) Where a public company has on its agenda the termination of service or non-renewal of appointment of an auditor, the view of the audit committee shall be made known to the general meeting, after the auditor has been given reasonable opportunity to make his position known to the meeting.

Ending term of office

163. (a) Where the board of directors is aware of the existence of relations of dependence under section 160(b), it shall notify the auditor without delay that he is to take action to end such dependence immediately; where the dependence is not brought to an end, the board of directors shall convene a special general meeting within a reasonable time, on the agenda of which shall be the termination of service of the auditor.

(b) A general meeting convened in accordance with the provisions of subsection (a) shall decide on the termination of service of the auditor; however, the general meeting may, after hearing the position of the auditor, decide not to accept the proposal of the board of directors to terminate his service, if it finds that the auditor is not dependent upon the company.

Termination of service due to dependence
 

164. (a) The board of directors shall give the auditor a reasonable opportunity to make his position known to the general meeting that has the termination of service or non-renewal of his appointment on its agenda, and this shall include an invitation to the auditor to take part in the meeting.

(b) Where the auditor resigns in circumstances in which the shareholders of the company have an interest, he shall notify the board of directors of the company thereof.

(c) Without derogating from the provisions of any law, the board of directors shall notify the shareholders of the reasons of the auditor for his resignation, in such detail as the board of directors shall see fit, and it may also notify them of its position in this regard.

Position of auditor

Article D: Fees Payable to Auditor

 

165. (a) Fees due to the auditor for acts of audit shall be determined by the general meeting, or by the board of directors if authorized therefor by the general meeting, and in accordance with the conditions of such authorization or, where there is a provision for such in the articles of association, in accordance with such provision.

(b) Where a fee is determined for an act of audit by the board of directors, the board of directors shall inform the annual meeting of such fee.

Fees of auditor

166. (a) A company shall not make the payment of fees of the auditor dependent on conditions that restrict the manner of performing acts of audit, or that connect the results of the audit to such payment.

(b) Neither a company, nor any person acting on its behalf, shall indemnify the auditor, directly or indirectly, for an obligation imposed upon him for a breach of his professional liability or for the non-performance of any other duty imposed upon him by law.

Prohibition against stipulation of salary or grant of indemnity

167. (a) The fees of an auditor for additional services to the company that are not acts of audit shall be determined by the board of directors; however, it may be provided in the articles of association that fees for such services be determined by the general meeting.

(b) The board of directors shall inform the annual meeting as to fees of the auditor for additional services.

Fee for additional services

 

Article E: Powers, Duties and Responsibilities of Auditor

 

168. (a) The auditor may at any time inspect those documents of the company required by him for the purpose of fulfilling his function and receive explanations with regard to them.

(b) The auditor may participate in any general meeting at which financial reports are submitted in respect of which an act of audit is performed, and at any meeting of the board of directors dealing with the approval of financial reports or at any meeting of the board of directors convened in accordance with section 169; the board of directors shall notify the auditor of the place and time at which the general meeting or meeting of the board of directors is to be convened.

Powers of auditor

169. (a) Where the auditor is aware, as a result of an act of audit, of substantial defects in inspection of the company’s accounting, it shall report thereon to the chairman of the board of directors.

(b) Where the auditor reports on defects referred to in subsection (a), the chairman of the board of directors shall, without delay, convene a meeting of the board of directors to discuss the matters brought to his attention.

Duty to report

170. (a) The auditor shall be liable to the company and its shareholders for the contents of his opinion regarding the financial reports.

(b) The provisions of subsection (a) shall not preclude the existence the auditor’s liability under any law.

Responsibility for opinion

Chapter 3: Company Financial Reports

Read more

Like us ?

Prove it :)

 

Miss Sahara Ozer, will attend to you (in English)
at Phone No. +972 3 546 88 88

 

In case of emergency, call Gabriel Hanner
at his cellular: +972 50 552 33 33

FrançaisEnglish  עברית

  

see a bigger map

242 Ben-Yehuda St. Tel-Aviv, Israel          site map