CAP. 70]
The Hongkong and Shanghai Banking Corporation.
[r. 62 cont.] meeting, and in case of special business specifying also the general nature of such business, shall be given by advertisement in one or more daily newspapers printed and circulating in the Colony.
General business at general meeting; special business.
Quorum.
Chairman of meeting.
63. The business of an ordinary yearly general meeting shall be to receive and consider the profit and loss account, the balance sheet and the reports of the directors and of the auditors, to elect directors in the place of those retiring by rotation or otherwise and auditors, to sanction dividends and to transact any other business which under these regulations ought to be transacted at an ordinary yearly general meeting. All other business transacted at an ordinary yearly general meeting and all business transacted at any extraordinary general meeting shall be deemed special.
64. Thirty shareholders personally present shall be a quorum for the purpose of transacting all the ordinary business of an ordinary yearly general meeting as mentioned in regulation 63 and also for the purpose of transacting special business at an ordinary yearly general meeting and at all extraordinary general meetings of the bank. No business shall be transacted at any general meeting unless the requisite quorum is present at the commencement of the business.
65. (1) The chairman of the board, or in his absence the deputy chairman of the board, shall take the chair at every general meeting or if there be no such chairman or deputy chairman, or if at any general meeting the chairman or deputy chairman is not present within fifteen minutes after the time appointed for holding such meeting, the shareholders present shall choose another director as chairman, and if no director be present or if all the directors present decline to take the chair, or if the chairman chosen retires from the chair, then the shareholders present in person and entitled to vote shall choose one of their own number to be chairman.
(2) While the chair is vacant no business shall be transacted or discussed at any general meeting, save the appointment of a chairman or the adjournment of the meeting.
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