As sole member of the company YYYY (entered in the commercial register kept by the Regional Court, fine no. ZZZ, and hereinafter referred to as the Company) and exercising the powers of the General Meeting, Mr XXXX has today, in the presence of the Company Executive, adopted the following resolution:
I found this quite obscure. However, I think "exercising the powers of the General Meeting" does refer to Mr XXXX. But I am not sure what is meant by "sole member of the company", nor what "fine no. ZZZ" refers to. Also, is "company executive" referring to an individual or a group?
- For Teachers