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Page 280

CHAPTER 26
STATUTORY COMPANIES.

p. 278) or the special Act to be done at an ordinary meeting. No other business can be transacted unless special notice is given.(60)
Extraordinary Meetings.-Every general meeting of the shareholders, other than an ordinary meeting, is an extraordinary meeting. Extraordinary meetings may be convened by the directors when they think fit, and must be convened by them on the requisition in writing of twenty or more shareholders holding one-tenth of the capital of the company. The requisition must state the object of the meeting, and if the directors do not call the meeting within twenty-one days, the requisitionists may call it themselves. (61)

Notice of Meetings.-Meetings are held at the time and place appointed by the directors. Fourteen days' notice must be given by advertisement, and, in the case of an ordinary meeting, in respect of all business other than ordinary business, and in all cases of extraordinary meetings, the notice must specify the purpose for which the meeting is called. (62)

The fixing of the directors' remuneration is a matter requiring special notice. (63)
If the notice is insufficient, no business can be validly transacted at the meeting.

Kaye v. Croydon Tramways Co., [1898] 1 Ch. 358. Company A. agreed to sell its undertaking to company B. for £30,543, and company B. agreed to pay the directors and secretary of company A. £3,250 as compensation for loss of office. The agreement was conditional upon the approval of the shareholders in company A. The notice convening the meeting of the shareholders in company A. described the business as to consider and approve an agreement for the sale of the undertaking and did not refer to the compensation. The sale was approved at the meeting. A shareholder applied for an injunction to restrain the sale. Held, the injunction should be granted, as the notice did not fairly disclose the purpose for which the meeting was called.

Proceedings at Meetings.-No meeting can be held unless a quorum is present. If no quorum is prescribed in the special Act, a quorum is shareholders, present in person or by proxy, (1) holding one-twentieth of the capital, and (2) in number not less than one for every £500 of one-twentieth of the capital, unless (3) the number would be more than twenty, when twenty holding not less than one-twentieth of the capital is the quorum. (64)

60 Companies Clauses Act, 1845, ss. 66, 67.
61 Ibid., ss. 68-70
62 Ibid., s. 71.
63 Hutton v. West Cork By. (1883), 23 Ch. D. 654, 659
64 Companies Clauses Act 1845, s. 72.

travel books:
where is HTML where is HEAD where is TITLE p. 278) or what is special Act to be done at an ordinary meeting. No other business can be transacted unless special notice is given.(60) Extraordinary Meetings.-Every general meeting of what is shareholders, other than an ordinary meeting, is an extraordinary meeting. Extraordinary meetings may be convened by what is directors when they think fit, and must be convened by them on what is requisition in writing of twenty or more shareholders holding one-tenth of what is capital of what is company. what is requisition must state what is object of what is meeting, and if what is directors do not call what is meeting within twenty-one days, what is requisitionists may call it themselves. (61) Notice of Meetings.-Meetings are held at what is time and place appointed by what is directors. Fourteen days' notice must be given by advertisement, and, in what is case of an ordinary meeting, in respect of all business other than ordinary business, and in all cases of extraordinary meetings, what is notice must specify what is purpose for which what is meeting is called. (62) what is fixing of what is directors' remuneration is a matter requiring special notice. (63) If what is notice is insufficient, no business can be validly transacted at what is meeting. Kaye v. Croydon Tramways Co., [1898] 1 Ch. 358. Company A. agreed to sell its undertaking to company B. for £30,543, and company B. agreed to pay what is directors and secretary of company A. £3,250 as compensation for loss of office. what is agreement was conditional upon what is approval of what is shareholders in company A. what is notice convening what is meeting of what is shareholders in company A. described what is business as to consider and approve an agreement for what is sale of what is undertaking and did not refer to what is compensation. what is sale was approved at what is meeting. A shareholder applied for an injunction to restrain what is sale. Held, what is injunction should be granted, as what is notice did not fairly disclose what is purpose for which what is meeting was called. Proceedings at Meetings.-No meeting can be held unless a quorum is present. If no quorum is prescribed in what is special Act, a quorum is shareholders, present in person or by proxy, (1) holding one-twentieth of what is capital, and (2) in number not less than one for every £500 of one-twentieth of what is capital, unless (3) what is number would be more than twenty, when twenty holding not less than one-twentieth of what is capital is what is quorum. (64) 60 Companies Clauses Act, 1845, ss. 66, 67. 61 Ibid., ss. 68-70 62 Ibid., s. 71. 63 Hutton v. West Cork By. (1883), 23 Ch. D. 654, 659 64 Companies Clauses Act 1845, s. 72. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 280 where is strong CHAPTER 26 STATUTORY COMPANIES. where is p align="justify" p. 278) or what is special Act to be done at an ordinary meeting. No other business can be transacted unless special notice is given.(60) Extraordinary Meetings.-Every general meeting of what is shareholders, other than an ordinary meeting, is an extraordinary meeting. Extraordinary meetings may be convened by what is directors when they think fit, and must be convened by them on what is requisition in writing of twenty or more shareholders holding one-tenth of what is capital of what is company. what is requisition must state what is object of what is meeting, and if the directors do not call what is meeting within twenty-one days, what is requisitionists may call it themselves. (61) Notice of Meetings.-Meetings are held at what is time and place appointed by what is directors. Fourteen days' notice must be given by advertisement, and, in what is case of an ordinary meeting, in respect of all business other than ordinary business, and in all cases of extraordinary meetings, what is notice must specify what is purpose for which what is meeting is called. (62) what is fixing of what is directors' remuneration is a matter requiring special notice. (63) If what is notice is insufficient, no business can be validly transacted at what is meeting. Kaye v. Croydon Tramways Co., [1898] 1 Ch. 358. Company A. agreed to sell its undertaking to company B. for £30,543, and company B. agreed to pay what is directors and secretary of company A. £3,250 as compensation for loss of office. what is agreement was conditional upon what is approval of what is shareholders in company A. what is notice convening what is meeting of what is shareholders in company A. described what is business as to consider and approve an agreement for what is sale of what is undertaking and did not refer to what is compensation. what is sale was approved at what is meeting. A shareholder applied for an injunction to restrain what is sale. Held, what is injunction should be granted, as what is notice did not fairly disclose what is purpose for which what is meeting was called. Proceedings at Meetings.-No meeting can be held unless a quorum is present. If no quorum is prescribed in what is special Act, a quorum is shareholders, present in person or by proxy, (1) holding one-twentieth of what is capital, and (2) in number not less than one for every £500 of one-twentieth of what is capital, unless (3) what is number would be more than twenty, when twenty holding not less than one-twentieth of what is capital is what is quorum. (64) 60 Companies Clauses Act, 1845, ss. 66, 67. 61 Ibid., ss. 68-70 62 Ibid., s. 71. 63 Hutton v. West Cork By. (1883), 23 Ch. D. 654, 659 64 Companies Clauses Act 1845, s. 72. where is Server.Execute("_SiteMap.asp") %

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