Article 263 — Powers and Duties of Meeting of Subscribers

[[[ The meeting shall have the following powers and duties: 1/ verify that the requirements relating to the formation of the company have been complied with; 2/ deliberate on and approve the final text of the memorandum of association of the company; 3/ approve the report of the promoters and formation Auditors; 4/ approve the valuation of contributions in kind, if any, 5/ determine the share in profits allocated to the promoters; 6/ make appointments to organs of management of the company to be made by the meeting of subscribers under the law and the memorandum of association.