A decision regarding changes in the composition of the Council shall be taken by the meeting of stockholders. The number of the Council may not exceed that laid down in the articles of association. The Council shall be appointed for a term of 5 years, unless the statutes provide for a different, shorter term. A Member of the Council shall be deemed to have been appointed at the time of the decision of the meeting of shareholders, unless a later date for taking up office is specified in the decision.

We note that under commercial Law, participants/shareholders have the right to participate and vote in the meeting remotely, or to vote before the meeting. Read more in the Explanatory Notes on Remote participation in meetings of Members, shareholders and Members section.

^{* The statutory time limit for examining documents may be extended on the basis of Section 64, Paragraph two of the Administrative Procedure Law.}

Documents to be submitted:

• application form KR18;
• minutes of the meeting of stockholders (signatures to be certified);
• the consent of each Member of the Council to hold office if a new Council is elected;
• a list of the members of the Council;
• notice of resignation of a Member of the Council (if he has resigned himself);
• a questionnaire for inclusion of information in the Register of natural persons (to be signed by the foreigner himself or herself with a secure electronic signature in order to submit electronically; if there is no secure electronic signature, this document shall not be submitted) of a foreigner (foreigner) who has a legal link with Latvia on the basis of which mutual rights and obligations in the field of commercial activities and taxes are formed or have developed, but no personal identity number of the Republic of Latvia has been granted;
• if the application is submitted via postal services, information regarding payment of the State fee shall be appended (receipt or a copy thereof, or printout of an Internet bank payment or free text information). 

Deadline for submission of documents in the Enterprise Register: 14 days from the decision.

View information on how to become an official and administrative Member of the merchant, as well as duties and authorisation thereof.