Extraordinary general meeting requisition rights allow members to convene meetings if the board fails to call one. Members meeting a prescribed voting threshold may requisition an extraordinary general meeting by signed notice stating the matters for consideration and delivered to the registered office. If the Board does not call the meeting within the statutory period, the requisitionists may call and hold the meeting following the same procedures as Board-called meetings. Reasonable expenses incurred by requisitionists are reimbursable by the company and recoverable by deduction from fees or remuneration payable to directors in default.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Extraordinary general meeting requisition rights allow members to convene meetings if the board fails to call one.
Members meeting a prescribed voting threshold may requisition an extraordinary general meeting by signed notice stating the matters for consideration and delivered to the registered office. If the Board does not call the meeting within the statutory period, the requisitionists may call and hold the meeting following the same procedures as Board-called meetings. Reasonable expenses incurred by requisitionists are reimbursable by the company and recoverable by deduction from fees or remuneration payable to directors in default.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
