Notice requirement for debenture-holder meetings: short notice allowed with prescribed consent; proxies, quorum and voting procedures apply. Sets procedural rules for debenture-holder meetings: minimum notice and conditions for shorter notice by high-value consent; required contents, service ... Summary
Notice requirement for debenture-holder meetings: short notice allowed with prescribed consent; proxies, quorum and voting procedures apply.
Sets procedural rules for debenture-holder meetings: minimum notice and conditions for shorter notice by high-value consent; required contents, service and annexed explanatory statement of material facts and interests; quorum of five debenture-holders unless articles provide otherwise with rules for adjournment; chairman elected by those present; show-of-hands voting with poll provisions and scrutineers; proxy appointment formalities, deposit and inspection rights; sanctions for defaults; and power for the Company Law Board to order and validate meetings where prescribed procedures are impracticable.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.