COMPANIES.
No. 58 of 1911.
2107
(iii) any person elected by the members present at a meeting may be chairman thereof;
(iv) every member shall have one vote.
tion of com-
other com-
69. A company which is a member of another company may, by resolution of the directors, authorise any of its officials or any other person to act as its representative at any meeting of that other company, and the person so authorised shall be entitled to exercise the same powers on behalf of the company which he represents as if he were an individual shareholder of that other company.
which they are members.
8 Edw. 7 c. 69 s. 68.
of extra-
and special
70.—(1) A resolution shall be an extraordinary resolution when it has been passed by a majority of not less than three fourths of such members entitled to vote as are present in person or by proxy (where proxies are allowed) at a general meeting of which notice specifying the intention to propose the resolution as an extraordinary resolution has been duly given.
(2) A resolution shall be a special resolution when it has been— (a) passed in manner required for the passing of an extraordinary resolution; and
(b) confirmed by a majority of such members entitled to vote as are present in person or by proxy (where proxies are allowed) at a subsequent general meeting, of which notice has been duly given, and held after an interval of not less than 14 days, nor more than one month, from the date of the first meeting.
(3) At any meeting at which an extraordinary resolution is submitted to be passed or a special resolution is submitted to be passed or confirmed, a declaration of the chairman that the resolution is carried shall, unless a poll is demanded, be conclusive evidence of the fact without proof of the number or proportion of the votes recorded in favour of or against the resolution.
(4) At any meeting at which an extraordinary resolution is submitted to be passed or a special resolution is submitted to be passed or confirmed a poll may be demanded, if demanded by 3 persons for the time being entitled according to the articles to vote, unless the articles of the company require a demand by such number of such persons, not in any case exceeding 5, as may be specified in the articles.
(5) When a poll is demanded in accordance with this section, in computing the majority on the poll reference shall be had to the
COMPANIES.
No. 58 of 1911.
2107
(iii) any person elected by the members present at a meeting may
be chairman thereof;
(iv) every member shall have one vote.
tion of com-
other com-
69. A company which is a member of another company may, by Representa- resolution of the directors, authorise any of its officials or any other panies at person to act as its representative at any meeting of that other meetings of company, and the person so authorised shall be entitled to exercise panies of the same powers on behalf of the company which he represents as if he were an individual shareholder of that other company.
which they
are members.
8 Edw. 7 e. 69 s. 68.
of extra-
and special
70.—(1) A resolution shall be an extraordinary resolution when Definitions it has been passed by a majority of not less than three fourths of ordinary such members entitled to vote as are present in person or by proxy resolution. (where proxies are allowed) at a general meeting of which notice ib. s. 69. specifying the intention to propose the resolution as an extraordinary resolution has been duly given.
(2) A resolution shall be a special resolution when it has been- (a) passed in manner required for the passing of an extraordinary resolution; and
(b) confirmed by a majority of such members entitled to vote as are present in person or by proxy (where proxies are allowed) at a subsequent general meeting, of which notice has been duly given, and held after an interval of not less than 14 days, nor more than one month, from the date of the first meeting.
(3) At any meeting at which an extraordinary resolution is sub- mitted to be passed or a special resolution is submitted to be passed or confirmed, a declaration of the chairman that the resolution is carried shall, unless a poll is demanded, be conclusive evidence of the fact without proof of the number or proportion of the votes recorded in favour of or against the resolution.
(4) At any meeting at which an extraordinary resolution is sub- mitted to be passed or a special resolution is submitted to be passed or confirmed a poll may be demanded, if demanded by 3 persons for the time being entitled according to the articles to vote, unless the articles of the company require a demand by such number of such persons, not in any case exceeding 5, as may be specified in the articles.
(5) When a poll is demanded in accordance with this section, in computing the majority on the poll reference shall be had to the
No comments yet.
Private notes are available after approval.