CORPORATIONS ACT 2001 - SECT 249D
Calling of general meeting by directors when requested by members (1) Theof acompanymust call and arrange toholda general meeting on the request ofmemberswith at least 5% of the votes that may be cast at the general meeting.
(2) The request must:
(a) be in writing; andcompany
(b) stateanyrdirectorsesolutionto be proposed at the meeting; and
(c) be signed by themembersmaking the request; and
(d) be given to the.
(3) Separate copies of a document setting out the request may be used for signing bymembersif the wording of the request is identical in each copy.
(4) The percentage of votes thatmembershaveis to be worked out as at the midnight before the request is given to thecompany.
(5) Thedirectorsmust call the meeting within 21 days after the request is given to thecompany. The meeting is to be held not later than 2 months after the request is given to thecompany.
Gxy has more retail holders than institutional
if we collectively get 5% holders together, then we can potentially remove some of the useless people within gxy
