English
1/ Where the number of members of a private limited
company falls below two and a person does not join
such company within six months, the company shall
be dissolved.
2/ Notwithstanding the provisions of Sub-Article
(1) of
this Article, the company may be converted into a
one-person private limited company by amending its
memorandum of association within six months from
the company’s membership falling below two.
