Requisitioned general meetings: members may require the board to convene meetings; failure permits members to call meetings themselves. The Board must promptly call an extraordinary general meeting upon a valid requisition that specifies matters, is signed and deposited at the registered office, and meets the one-tenth voting or capital threshold; where multiple matters are specified the threshold applies separately. If the Board does not call a meeting within the statutory period, requisitionists meeting prescribed representation rules may call the meeting themselves, must follow Board calling procedures as nearly as possible, hold it within three months of deposit (subject to adjournment), and may be reimbursed reasonable expenses from the company recoverable from defaulting directors' fees.
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Provisions expressly mentioned in the judgment/order text.
Requisitioned general meetings: members may require the board to convene meetings; failure permits members to call meetings themselves.
The Board must promptly call an extraordinary general meeting upon a valid requisition that specifies matters, is signed and deposited at the registered office, and meets the one-tenth voting or capital threshold; where multiple matters are specified the threshold applies separately. If the Board does not call a meeting within the statutory period, requisitionists meeting prescribed representation rules may call the meeting themselves, must follow Board calling procedures as nearly as possible, hold it within three months of deposit (subject to adjournment), and may be reimbursed reasonable expenses from the company recoverable from defaulting directors' fees.
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