TOE 3.49% 44.5¢ toro energy limited

FYI.. I have reviewed the Corporations Act, COVID amendments,...

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    FYI.. I have reviewed the Corporations Act, COVID amendments, and ASIC guidance... whilst ASIC has stated "ASIC cautions entities against holding an AGM while there are restrictions on large gatherings, unless the entity can provide members as a whole with a reasonable opportunity to participate in the meeting", the law and amendments don't go so far as to make in unlawful to hold a non-virtual AGM in the COVID-19 circumstances, they only amend the legislation to facilitate the holding of the virtual meeting and related voting. There is also case law on failure to hold meetings in circumstances where it is not possible for members to attend, but I won't go into that (that is perhaps what I was remembering when I made my initial comment). Notwithstanding this, appropriate corporate governance best practice should prevail and the virtual AGM facilitated.
    @adesso If you were so adamant about your conclusion, a brief explanation would have been appreciated. I did pose the question/belief on the basis that there might have been an expert out there to clarify.
    Last edited by theoracle71: 04/11/20
 
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