Extraordinary General Meetin

1.Procedures Extraordinary General Meeting
Extraordinary General Meeting (EGM) is call togetherd to consummate special business which is too urgent to wait until the near AGM. 2 or more members holding more than one tenth (10%) of the issued share capital letter may call for an EGM. Upon recognise of the requisition, the director must(prenominal) convene an EGM which shall be held not later than 2 months after the reception of the requisition. If the directors fail to do so, the requisitionist whos holding more than one-half of the requisitionist may proceed to convene the EGM but it must be held later than 3 months from the employment of requisition. It may be convened in accordance with the Articles of Association by the directors. It is a must for the directors to convene an EGM if it is required to do by requisition, where a written notice is given to the directors requiring that a showdown to be called, notwithstanding anything in the companys Articles. The directors must convene the EGM to be held within two months after the receipt of the requisition by the company. The notice to convene the meeting must be given at least 21 long time for special fortitude and 14 days for ordinary resolution before the meeting.

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Conversion from public company to private company
concord to Section 26, a public company which has share capital can veer into private company by caparison a special resolution to Registrar in send to determine that the company is to convert into private company and states an beguile alteration of its name, and alteration the provisions of its memorandum or articles to fetch the prohibitions referred in subsection 15(1). Conversion of a company volition not affect the identity of the company and any intelligent proceeding that has been continued prior to the conversion may be continued after the conversion.
During the process, the number of member has to change where the more or less is only fifty and it cannot invite the public subscribers to buy their shares. To convert from public...If you want to get a full essay, order it on our website: Ordercustompaper.com



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