Commonwealth Numbered Acts

COMPANIES ACT 1981 No. 89 of 1981 - SECT 242

242. (1) So far as the articles do not make other provision, 2 or more members
holding not less than 5% of the issued share capital, or, if the company does
not have a share capital, not less than 5% in number of the members of the
company, may convene a meeting of the company.

(2) A meeting of a company or of a class of members, other than a meeting for
the passing of a special resolution, shall be convened by notice in writing of
not less than 14 days or such longer period as is provided in the articles.

(3) A meeting shall, notwithstanding that it is convened by notice shorter
than is required by sub-section (2), be deemed to be duly convened if it is so
agreed-

   (a)  in the case of a meeting convened as the annual general meeting-by all
        the members entitled to attend and vote at the meeting; or

   (b)  in the case of any other meeting-by a majority in number of the
        members having a right to attend and vote at the meeting, being a
        majority that together hold not less than 95% in nominal value of the
        shares giving a right to attend and vote or, in the case of a company
        not having a share capital, are together entitled to not less than 95%
        of the total voting rights of all the members having the right to
        attend and vote at the meeting.

(4) So far as the articles do not make other provision, notice of every
meeting shall be served on every member having a right to attend and vote at
the meeting in the manner in which notices are required to be served by Table
A.