Requisitioned extraordinary general meeting: members may convene the meeting if the board fails and recover reasonable expenses. The Board may call an extraordinary general meeting and, subject to a specified territorial proviso, members meeting the requisite threshold may requisition an EGM by signed notice; if the Board fails to call a meeting within the statutory timeframes the requisitionists may convene it themselves within three months, following the same procedural manner, and reasonable expenses incurred by them must be reimbursed by the company and deducted from remuneration payable to the defaulting directors.
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Provisions expressly mentioned in the judgment/order text.
Requisitioned extraordinary general meeting: members may convene the meeting if the board fails and recover reasonable expenses.
The Board may call an extraordinary general meeting and, subject to a specified territorial proviso, members meeting the requisite threshold may requisition an EGM by signed notice; if the Board fails to call a meeting within the statutory timeframes the requisitionists may convene it themselves within three months, following the same procedural manner, and reasonable expenses incurred by them must be reimbursed by the company and deducted from remuneration payable to the defaulting directors.
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