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NOR

1,000 Posts.

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19/07/14

19:53

Post #: 13684922
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Originally posted by NOR ↑

BUT WAIT..JADEL..isNOT Wellington capital/s money our MONEY////?????
Members' power to require directors to call general meetings (sec303 - sec304)
The directors must call a general meeting if so requested by the holders of 10% of the voting shares (or 10% of the voting rights if no shares). If at least 12 months have elapsed since the last general meeting called under this section, the request may be made by 5%.
The request for the meeting must state the general nature of the business to be dealt with and may include the text of a resolution to be moved at the meeting (provided the resolution would not be ineffective (e.g. under the Act or because contrary to the company's articles, etc., and provided it is not defamatory, frivolous or vexatious).
If the request is properly made, the directors must within 21 days call the meeting for a date not more than 28 days after the date of the notice calling the meeting. If the request included a proposed resolution, that must be included in the notice, which will then be part of the business that can be conducted at the meeting. (If it is a special resolution, the notice of the meeting must say so, in accordance with sec283, above.)
Members may call meeting at company's expense (sec305)
If the directors do not call a meeting as properly requested under the above sections, the members who requested it (or half of them, by voting rights) may call the meeting themselves, for a date not more than three months after the date when the directors were required to call it (i.e. 21 days after the request was made - see above).
The meeting must be called in the same manner, as nearly as possible, as meetings called by the directors.
The members calling the meeting can claim any reasonable expenses they have incurred, which the company must deduct from any remuneration that would have been paid to the directors. (Under the old law, the company had a power to do this, but was not required to do so.) With thanks for your input.. ..NOR.

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Please for all of us.!!!You are reading all the post why not click .. Reply . no need to write a word JUST click .. .POST MESSSAGE at bottom.
BUT YOU WILL be posting you agree with ....LEAVE IT TO THE JUDGE..
ONLY if you agree . or .why not ??? IMF & KPMG are reading Goggle too. NOR

OCV Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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