1989 Ed.]
The Hongkong and Shanghai Bank Regulations
[CAP. 70
A 29
[Subsidiary]
leading English language daily newspaper and at least one leading Chinese language daily newspaper printed and circulating in Hong Kong.
(37 of 1950 Schedule; L.N. 157 of 1987)
63. General business at general meeting; special business
The business of an annual general meeting shall be to receive and consider the profit and loss account and balance sheet, the reports of the directors and of the auditors, and any other documents required by law to be attached or annexed to the balance sheet, to elect directors and fix their remuneration, to elect auditors and to fix, or to determine the method of fixing, their remuneration, and to declare a dividend. Any other business transacted at an annual general meeting and all business transacted at an extraordinary general meeting shall be deemed special.
64. Quorum
(L.N. 157 of 1987)
Thirty shareholders present in person or by proxy shall be a quorum for the purpose of transacting all the ordinary business of an annual general meeting as mentioned in regulation 63 and also for the purpose of transacting special business at an annual 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.
(L.N. 157 of 1987; L.N. 334 of 1989)
65. Chairman of meeting
(1) The chairman of the board, or in his absence the deputy chairman first appointed or in his absence the other deputy chairman 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 a deputy chairman is not present within 15 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.
66. When, if quorum not present, meeting to be dissolved and when to be adjourned
(L.N. 61 of 1969)
If within half an hour from the time appointed for the meeting a quorum is not present, the meeting, if convened by or upon any such requisition as