CAP. 70]
[r. 55 cont.]
Bank to retain transfers. Holding of annual general meetings. Ord. 8/46, s. 2, Schedule.
Distinction between ordinary and extra-ordinary general meetings. Convening of extra-ordinary general meeting.
The Hongkong and Shanghai Banking Corporation.
the shares transferred or transmitted to such new shareholder and if any of the shares included in the certificate so given up is retained by a transferor, a new certificate in respect thereof shall be issued to him.
56. The bank shall retain every instrument of transfer of its shares.
Proceedings at general meetings.
57. An annual general meeting of the shareholders shall be held once in every year at such time and place as may be prescribed by the board, and unless and until otherwise prescribed as aforesaid, such meeting shall be held in the month of February in every year.
If for any reason it is impracticable to call such meeting at such time and place and in the manner in which such meeting may be called or to conduct such meeting in the manner prescribed in these regulations, the Governor may, of his own motion or on the application of the chief manager or of any shareholder who would be entitled to vote at the meeting, order a meeting of the shareholders to be called, held, and conducted at such time and place and in such manner as he may think fit, and where any such order is made, may give such ancillary or consequential directions as he may think expedient, and any meeting called, held, and conducted in accordance with any such order shall, for all purposes, be deemed to be an annual general meeting of the shareholders duly called, held, and conducted.
58. The annual general meeting referred to in regulation 57 shall be called the ordinary yearly general meeting. All other meetings of shareholders shall be called extraordinary general meetings.
59. The board may at any time it thinks proper and shall, on the requisition in writing of not less than twenty shareholders, holding in the aggregate not less than one-tenth of the issued capital of the bank upon which all calls or other sums then due have been paid and having been such holders during not less than three months prior to the date of such requisition, forthwith proceed to convene an extraordinary general meeting of the bank; and in case of
366
САР. 70]
[r. 55 cont.]
Bank to retain transfers.
Holding of
annual
general
meetings.
Ord. 8/46,
8. 2, Schedule.
Distinction between
ordinary
and extra- ordinary
general
meetings.
Convening
of extra- ordinary general meeting.
The Hongkong and Shanghai Banking Corporation.
the shares transferred or transmitted to such new share- holder and if any of the shares included in the certificate so given up is retained by a transferor a new certificate in respect thereof shall be issued to him.
56. The bank shall retain every instrument of transfer of its shares.
Proceedings at general meetings.
57. An annual general meeting of the shareholders shall be held once in every year at such time and place as may be prescribed by the board, and unless and until otherwise prescribed as aforesaid such meeting shall be held in the month of February in every year.
of
If for any reason it is impracticable to call such meeting at such time and place and in the manner in which such meeting may be called or to conduct such meeting in the manner prescribed in these regulations the Governor may his own motion or on the application of the chief manager or of any shareholder who would be entitled to vote at the meeting order a meeting of the shareholders to be called, held and conducted at such time and place and in such manner as he may think fit and where any such order is made may give such ancillary or consequential directions as he may think expedient and any meeting called held and conducted in accordance with any such order shall for all purposes be deemed to be an annual general meeting of the shareholders duly called held and conducted.
58. The annual general meeting referred to in regulation 57 shall be called the ordinary yearly general meeting. All other meetings of shareholders shall be called extraordinary general meetings.
59. The board may at any time it thinks proper and shall on the requisition in writing of not less than twenty shareholders, holding in the aggregate not less than one- tenth of the issued capital of the bank upon which all calls or other sums then due have been paid and having been such holders during not less than three months prior to the date of such requisition, forthwith proceed to convene an extraordinary general meeting of the bank; and in case of
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