Document ID: chunk:federal_register_of_legislation:C2004A02825:body:0:p48
Version: federal_register_of_legislation:C2004A02825
Segment Type: other
Provision Reference: 
Character Range: 117981–120664

make copies of, or take extracts from, the Register of Disqualified Company Directors and Other Officers.".

Convening of general meeting on requisition
74. Section 241 of the Principal Act is amended—
     (a) by omitting sub-section (1) and substituting the following sub-section:
     "(1) The directors of a company, notwithstanding anything in its articles, shall, on the requisition in writing of—
          (a) in the case of a company having a share capital—not less than 100 members holding shares in the company on which there has been paid up an average sum, per member, of not less than $200;
          (b) in the case of a company not having a share capital—not less than 200 members; or
          (c) in either case—a member who is entitled, or members who are together entitled, to not less than 5% of the total voting rights of all the members having at the date of the deposit of the requisition a right to vote at general meetings,
     forthwith convene a general meeting of the company to be held as soon as practicable but, in any case, not later than 2 months after the date of the deposit of the requisition.";
     (b) by inserting in sub-section (2) "member or" before "members" (first occurring) and ", where there are 2 or more requisitioning members," before "may";
     (c) by omitting sub-section (3) and substituting the following sub-sections:
     "(3) If the directors do not, within 21 days after the date of the deposit of the requisition, proceed to convene a meeting, the requisitioning member, or, where there are 2 or more requisitioning members, those members or any of them representing more than 50% of the total voting rights of all of them—
          (a) may, in the same manner as nearly as possible as that in which meetings are to be convened by directors, convene a meeting; and
          (b) for the purposes of convening a meeting as provided by paragraph (a), may request the company to supply a written

          statement setting out the names and addresses (so far as they are known to the company) of the persons who, at the date of the deposit of the requisition, were entitled, under sub-section 242 (4) or a provision of the articles of the company, to receive notice of general meetings of the company.
     "(3a) Where a request for a statement is made to a company under paragraph (3) (b), the directors of the company shall send the statement to the person or persons who requested the statement within 7 days after the date on which the request is made.
     "(3b) A meeting convened by a requisitioning member or requisitioning members in accordance with sub-section (3) shall not be held more than 3 months after the