Versions

 

19A.55

A PRC issuer shall enter into a contract in writing with every supervisor containing at least the following provisions:—

(1) an undertaking by the supervisor to the PRC issuer to observe and comply with the Company Law, the Regulations and the articles of association and an agreement that the PRC issuer shall have the remedies provided in the articles of association and that neither the contract nor his office is capable of assignment;
(2) an undertaking by the supervisor to the PRC issuer acting as agent for each shareholder to observe and comply with his obligations to shareholders stipulated in the articles of association; and
(3) the arbitration clause set forth in rule 19A.54(3), subject to necessary modifications.