Wholly Owned Subsidiary. Due to the Merger of Shares, Oi shall be a wholly owned subsidiary of TelPart. 7.1. Changes of the TelPart By-Laws. As a result of the Merger of Shares, TelPart’s By-Laws shall be changed to reflect the change in the value of the capital stock and the number of shares into which it is divided. Thus, the following proposal for changes to the head paragraph of Article 5 of the By-Laws shall be submitted to the shareholders: “Article 5 - The capital stock of the Company is R$ [=]12 ([=]), divided in [=] ([=]) common registered shares with no face value.”
Appears in 5 contracts
Samples: Temporary Voting Agreement (Oi S.A.), Temporary Voting Agreement (Oi S.A.), Temporary Voting Agreement (Telemar Participacoes S.A.)
