Funding Deadline 14th May, page-62

Section 249D of the Corporations Act now provides that the directors of a company must call and arrange to hold a general meeting on the request of members with at least 5% of the votes that may be cast at the general meeting.⁸ The percentage of votes that members have is to be worked out as at the midnight before the request is given to the company and this determination is ordinarily made by examining the company’s register of members.⁹

For a requisition of a general meeting to be valid it must:

• be in writing;
• state any resolution to be proposed at the meeting;
• be signed by the members making the request; and
• be given to the company.¹⁰

The directors must call the meeting within 21 days after the request is given to the company and the meeting is to be held not later than 2 months after the request is given to the company.¹¹

Source - https://hallandwilcox.com.au/thinking/the-right-of-members-of-a-company-to-call-a-general-meeting-under-the-corporations-act/