193704-1932-Supplementary-Bill-read-a-second-time--Companies — Page 46

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either before or subsequently to the former meeting, may be passed, and the adjourned meeting shall have the same powers as an original meeting.

(9) In the event of any default in complying with the provisions of this section every director of the company who is guilty of or who knowingly and wilfully authorises or permits the default shall be liable to a fine not exceeding five hundred dollars.

(10) This section shall not apply to a private com-

pany.

Convening of extra-

ordinary general meeting on requisition. 19 & 20 Geo. 5, c. 23, s. 114.

113. (1) The directors of a company, notwith- standing anything in its articles, shall, on the requisition of members of the company holding at the date of the deposit of the requisition not less than one-tenth of such of the paid-up capital of the com. pany as at the date of the deposit carries the right of voting at general meetings of the company, r, in the case of a company not having a share capital, members of the company representing not less than one-tenth of the total voting rights of all the mem- bers having at the said date a right to vote at general meetings of the company, forthwith proceed duly to convene an extraordinary general meeting of the

company.

(2) The requisition must state the objects of the meeting, and must be signed by the requisitionists and deposited at the registered office of the company, and may consist of several documents in like form, each signed by one or more requisitionists.

(3) If the directors do not within twenty-one days from the date of the deposit of the requisition proceed duly to convene a meeting, the requisi- tionists, or any of them representing more than one half of the total voting rights of all of them, may themselves convene a meeting, but any meeting so convened shall not be held after the expiration of three months from the said date.

(4) A meeting convened under this section by the requisitionists shall be convened in the same manner, as nearly as possible, as that in which meetings are to be convened by directors.

(5) Any reasonable expenses incurred by the requisitionists by reason of the failure of the directors duly to convene a meeting shall be repaid to the requisitionists by the company, and any sum 60 repaid shall be retained by the company out of any sums due or to become due from the company by way of fees or other remuneration in respect of their services to such of the directors as were in default.

(6) For the purposes of this section, the directors shall, in the case of a meeting at which a resolution is to be proposed as a special resolution, be deemed not to have duly convened the meeting if they do not give such notice thereof as is required by section one hundred and sixteen of this Ordinance.

Provisions as to meetings

and votes.

19 & 20 Geo.

5, c. 23,

s 115.

114.-(1) The following provisions shall have effect in so far as the articles of the company do not make other provision in that behalf:-

(a) a meeting of a company, other than a meet- ing for the passing of a special resolution, may be called by seven days' notice in writ- ing;