FFX 0.00% 20.0¢ firefinch limited

249Dhttps://www.whlaw.com.au/blog/board-spills-getting-notice-rig...

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    249D
    https://www.whlaw.com.au/blog/board-spills-getting-notice-right
    A big explanation there.
    Includes: Common mistakes Because section 249D does not explicitly refer to section 203D
    it is sometimes overlooked.
    If a section 203D notice has not been given, or it is given after the section 249D notice, a proposed resolution in the section 249D notice to remove a director is ineffective and there would be a question whether the company had to call the meeting at all.
    Other issues we sometimes see are the two notices being combined into one, or being issued on the same day. The two notices cannot be combined. That is, the section 249D notice cannot also serve as the shareholder giving notice of their intention under section 203D. There are at least a couple of reasons for this. continues .....

    GLALTH .. Mal...smile.png
 
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