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  3. Business/Commerce (general)

computate ai fini della regolare costituzione

English translation: counted in determining whether the meeting is duly formed

12:46 Apr 6, 2007
Italian to English translations [PRO]
Bus/Financial - Business/Commerce (general)
Italian term or phrase: computate ai fini della regolare costituzione
L'assemblea straordinaria in seconda convocazione e regolarmente costituita e delibera con la presenza e voto favorevole di tanti soci che rappresentino oltre un terzo del ca-pi-tale sociale.
Salvo diversa disposizione di legge le azioni per le quali non può essere esercitato it diritto di voto ***sono computate ai fini della regolare costituzione*** dell'assemblea.

Does this mean that the shares that do not carry the right to vote are calculated at the end of the meeting? FINI confuses me, it should be FINE in that case ???

Thanks for all suggestions
giovie72
United States
Local time: 08:39
English translation:counted in determining whether the meeting is duly formed
Explanation:
I think it means non-voting shares count towards the quorum (usually a certain percentage of capital must be represented).

"Ai fini di" can be literally translated as "for the purpose of".
Selected response from:

Michael Pawlik
Local time: 14:39
Grading comment
Thank you very much Michael :-)
Giovanna
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2counted in determining whether the meeting is duly formed
Michael Pawlik


  

Answers


6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
counted in determining whether the meeting is duly formed


Explanation:
I think it means non-voting shares count towards the quorum (usually a certain percentage of capital must be represented).

"Ai fini di" can be literally translated as "for the purpose of".

Michael Pawlik
Local time: 14:39
Specializes in field
Native speaker of: English
PRO pts in category: 61
Grading comment
Thank you very much Michael :-)
Giovanna

Peer comments on this answer (and responses from the answerer)
agree  DCypher (X): used in calculating whether as quorum has been reached. dangerous but true!
3 hrs
agree  Vittorio Preite: computate (counted) is referred to "presenze" in other words, the members present are counted for the purpose of declaring the assembly "a valid assembly" capable of taking lawful decisions.....
4 hrs
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