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Commentary

101 General rule

COMPANIES vol 10(1) Directors and Other Officers, Shareholders, Shares and Share Capital
COMPANIES vol 10(1) Directors and Other Officers, Shareholders, Shares and Share Capital | Commentary

101 General rule

COMPANIES vol 10(1) Directors and Other Officers, Shareholders, Shares and Share Capital | Commentary

7: CLASS MEETINGS

101 General rule

Where the company has a share capital, the provisions relating to resolutions at meetings will generally apply in relation to a meeting of holders of a class of shares (with the necessary modifications) as they apply in relation to a general meeting1.Exceptions include the provisions relating to the members’ power to requisition a general meeting, the court’s power to call one and the additional requirements relating to traded companies2. In the case of a variation of class rights meetings, the rules relating to quorum and the right to demand a

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