Question
QUESTION 2: H & W Ltd is a company limited by shares. Members holding about fifteen percent of the paid up capital of the company
QUESTION 2: H & W Ltd is a company limited by shares. Members holding about fifteen percent of the paid up capital of the company felt that an extraordinary meeting of the company was necessary, as there were some crucial matters that the company should decide on. These members therefore approached the Directors of the company and asked them to call an EGM. The Directors are not willing to do so, stating that the issues can be dealt with at the AGM, which was scheduled for about nine months' time and that they do not represent a majority of the members, so in any case, there is not enough of them to make the Directors consider calling a meeting. The members are insistent that the EGM should go on now, but are clueless as to how it will happen, given the stance of the Directors. The members come to you for advice. Required Use IRAC Method Advise them, in detail, using Statute and any other material, as to whether or not the meeting could still be called, despite the stance of the Directors. Describe the proper detailed procedure that should be adopted accordingly.
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