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MEETING - Coggle Diagram
MEETING
If the directors do not, within 21 days of the deposit of the requisition, proceed to convene a meeting, the requisitionists, or any
of them representing more than half of the total voting rights of all of them, may themselves convene a meeting under section 144(3).
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At common law, member cannot compel the director to held a meeting. However, this rule has been modified by the Act.
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- not less than one-tenth of the paid up capital carrying voting rights at general meetings; or
- if the company has no share capital, of members representing not less than one-tenth of the total voting rights.
The requisition must state the objects of the meeting, signed by the requisitionists and deposited at the registered office of the company.
A meeting convened by a requisitioning member or members must not be held more than three months after the date of the deposit of the requisition.
S145 (2) – meeting of a company other than to pass special resolution, shall be called by notice in writing not less than 14 days.
S152 (1) – meeting to pass special resolution, shall be called by notice in writing at least 21 days.
A meeting is deemed to be duly called regardless of shorter notice than required by S145 (2) if it is so agreed:-
In the case of AGM, by all members entitled to attend and vote
Other meeting, by majority number of member entitled to attend and vote
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A meeting generally connotes an interchange between two or more persons, or requires a plurality of persons.
Limited to matter relating to formation of the company
Statutory report – shares, cash, details, contracts, etc.
• There are THREE (3) types of general meeting, i.e. statutory meeting, annual general meeting and extraordinary general meeting.
• These meetings must be distinguished from director meeting and operational meeting