Law for the Extension of Periods and Postponement of Dates (Temporary Provision – Swords of Iron) (Administrative Procedures, Terms of Office and Corporations), 5784-2023
חוק הארכת תקופות ודחיית מועדים (הוראת שעה – חרבות ברזל) (סדרי מינהל, תקופות כהונה ותאגידים), תשפ"ד-2023
Unofficial English translation — for reference only. It may contain errors or omissions and cannot be relied on as a legal text. Only the Hebrew text published in Reshumot is legally binding.More
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The Hebrew text as published in Reshumot (ספר החוקים) and on the Knesset website is the sole authoritative and legally binding version. In any discrepancy, the Hebrew text prevails.
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Chapter IV: Corporations
Section A: Companies
Postponement of the Final Date for Convening an Annual General Meeting and for Sending Financial Statements§
Extension of the Term of Office of an External Director or of Another Independent Director§
Notwithstanding the provisions of section 245 of the Companies Law, the definition of "independent director" in section 1 of that Law and section 50b6(a) of the Securities Law, where the last day of the term of office of an external director or of another independent director falls within the first determining period or the second determining period, the board of directors may decide to extend the term of office of such a director, commencing from the date of adoption of the decision, for an additional period not exceeding four months from the end of the director's term of office, and such extension shall not be counted for the purposes of the limitation on the term of office prescribed by those provisions; for this purpose, "independent director" – includes an independent director as defined in section 50b1 of the Securities Law.
Extension of a Period Prescribed in a Decision or Extension of the Validity of an Approval§
Overriding the Articles of Association of the Company§
The provisions of this Section shall apply notwithstanding the provisions of the articles of association of the company.
Postponement of the Date for Adopting a Decision on Winding Up for the Purpose of Exemption from a Fee§
Notwithstanding the provisions of the Regulations concerning fees under sections 44(6) and 345aa of the Companies Law, the final date for adopting a special resolution for voluntary winding up under section 319 of the Companies Ordinance [New Version], 5743-1983, or under section 342x of the Companies Law, by a company that has ceased its operations, for the purpose of obtaining an exemption from the payment of an annual fee or a financial sanction imposed for non-payment thereof, shall be postponed by the postponement period as referred to in section 3.
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Contact Us →Section B: Partnerships
Extension of Periods and Postponement of Dates in respect of a Public Limited Partnership§
Sections 9 to 12 shall apply, mutatis mutandis, to a public limited partnership as defined in section 65a(a) of the Partnerships Ordinance, with respect to the final date for convening an annual general meeting, the term of office of an external director, or a period prescribed in a decision or the validity of an approval, under sections 65ab(a), 65i, 65g, 65as(d), 65ay(e)(1) or (2), or 65ba(b) of the Partnerships Ordinance, as the case may be.
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Contact Us →Section C: Cooperative Societies
Extension of Periods and Postponement of Dates in respect of Cooperative Societies§
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Contact Us →Chapter V: Procedure in Administrative Tribunals
Extension of Periods and Postponement of Dates in respect of Procedure in Administrative Tribunals§
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Contact Us →Chapter VI: Adoption of Decisions in Government Companies and in Corporations Established by Law
Adoption of Decisions on Essential Matters that Admit of No Delay§
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Contact Us →Chapter VII: Miscellaneous Provisions
Extension of the Second Determining Period§
The Prime Minister, with the approval of the Government and the approval of the Constitution, Law and Justice Committee of the Knesset, may, by Order, extend the second determining period by additional periods not exceeding three months each, if satisfied that special circumstances exist that justify doing so by reason of the special security situation, provided that the total duration of the extension under this subsection does not exceed nine months; an extension under this Section may be either generally or in respect of particular matters under this Law.
Extension of the Postponement Period§
The Minister of Justice, with the approval of the Prime Minister and the approval of the Constitution, Law and Justice Committee of the Knesset, may, by Order, extend the postponement period by additional periods, if satisfied that special circumstances exist that justify doing so by reason of the special security situation, provided that the total duration of the extension under this Section does not exceed two months; an extension under this Section may be either generally or in respect of particular matters under this Law.
Duty of a Public Authority to Act with Appropriate Promptness§
Nothing in the provisions of this Law shall derogate from the duty of a public authority to act with appropriate promptness, in accordance with the circumstances of the matter.
Savings Provisions§
Nothing in the provisions of this Law shall derogate from any provision of any other law that extends periods or postpones dates or enables this to be done.
Limitations on Application§
The provisions of this Law shall not apply to periods and dates in respect of which legislation was prescribed during the first determining period or the second determining period, except for legislation listed in the Fifth Schedule, nor to periods and dates in proceedings before instances in respect of which the following legislation was prescribed:
Amendment of the Schedules§
Implementation§
The Minister of Justice is responsible for the implementation of this Law.
Amendment No. 139 to the Administrative Affairs Courts Law§
In the Administrative Affairs Courts Law, 5760-2000, in the Second Schedule, in item 1, at the end thereof shall come "or pursuant to section 15(d) of the Law for the Extension of Periods and Postponement of Dates (Temporary Provision – Swords of Iron) (Administrative Procedures, Terms of Office and Corporations), 5784-2023".
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Contact Us →First Schedule (Section 2(c))
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