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Companies Meetings

meeting, company, convene, directors and date

MEETINGS, COMPANIES. The Com panies (Consolidation) Act, 1908, provides as follows :— A nnual General Meeting.

" Section 64. (H A general meeting of every company shall be held once at the least in every calendar year, and not more than fifteen months after the holding of the last preceding general meeting, and, if not so held, the company and every director, manager, secretary, and other officer of the company, who is knowingly a party to the default, shall be liable to a fine not exceeding fifty pounds.

First Statutory Meeting of Company.

" 65. (1) Every company limited by shares and registered on or after the first day of January nineteen hundred and one shall, within a period of not less than one month nor more than three months from the date at which the company is entitled to commence business, hold a general meeting of the members of the company which shall be called the statutory meeting.

• Convening of Extraordinary General Meeting on Requisition.

" 66. (1) Notwithstanding anything in the articles of a company, the directors of a company shall, on the requisition of the holders of not less than one tenth of the issued share capital of the company upon which all calls or other sums then due have been paid, forthwith proceed to convene an extraordinary general meeting of the company.

" (2) The requisition must state the objects of the meeting, and must be signed by the requisitionists and deposited at the registered office of the company, and may consist of several documents in like form, each signed by one or more requisitionists.

" (3) if the directors do not proceed to cause a meeting to be held within twenty one days from the date of the re quisition being so deposited, the requisitionists, or a majority of them in value, may themselves convene the meeting, but any meeting so convened shall not be held after three months from the date of the deposit.

" (4) If at any such meeting a resolution requiring confirmation at another meeting is passed, the directors shall forthwith convene a further extra ordinary general meeting for the purpose of considering the res'Aution and, if thought fit, of confirming it as a special resolution ; and, if the directors do not convene th meeting within seven days from the date of the passing of the first resolution, the requisitionists, or a majority of them in value, may themselves convene the meeting.

Provisions as to Meetings and Votes.

"67. In default of, and subject to, any regulations in the articles " (i) A meeting of a company may be called by seven days' notice in writing, served on every member in manner in which notices are required to be served by Table A. in the First Schedule to this Act : " (ii) Five members may call a meeting : " (iii) Any person elected by the members present at a meeting may be chairman thereof : (iv) Every member shall have one vote.

Representation of Companies at Meetings of other Companies of which They are Members.

"68. A company which is a member of another company may, by resolution of the directors, authorise any of its officials or any other person to act as its representative at any meeting of that other company, and the person so authorised -hall be entitled to exercise the same powers on behalf of the company which he represents as if he were an individual shareholder of that other company." (See CON1PASIES.)