SECTION 516

The meeting of shareholders shall be convened by the board of directors or by the Managing Director, as the case may be. Failing this, it may be convened: 1°) by the auditor, after he has, in vain, requested the board of directors or the Managing Director, as the case may be, by hand-delivered letter with acknowledgement of receipt or by registered letter with notification of reception, to convene the meeting. Where the auditor convenes a meeting, he shall determine the agenda and may, for vital reasons, choose a venue for the meeting other than the one, if any, provided for by the Articles of Association. He shall state the reasons for the invitation in a report read to the meeting; 2°) by an agent appointed by the president of the competent court in a summary judgment, at the request of either any party concerned in the case of an emergency, or of one or more shareholders representing at least one- tenth of the company’s capital in the case of a general meeting, or one-tenth of the shares of the category concerned in the case of a special meeting; 3°) by the liquidator.