SECTION 156

Where there is a failure to comply with the provisions of the preceding article, or where, in spite of the decisions taken, the auditor establishes that the continued operation of the company is still in jeopardy, he shall prepare a special report which shall be presented at the next general meeting or, in case of an emergency, at a general meeting of shareholders which the auditor himself shall by hand-delivered letter against a receipt or by registered letter with a request for acknowledgement of receipt convene to submit his findings if he fails to obtain the convening of the meeting by the board of directors or the managing director. Where the auditor convenes such a meeting, he shall prepare the agenda and may, for decisive reasons, choose a place for the meeting other than that provided in the Articles of Association. He shall, in a report presented at the meeting, explain why he convened the meeting.