Who can call a shareholders meeting?

Under section 61 of the Companies Act 71 of 2008 (Companies Act), only the board of a company, or any other person specified in the company's Memorandum of Incorporation (MOI) or rules, has the power to call a shareholders' meeting.

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Call of Special Stockholders' Meeting By President of Corporation

Cook Illinois Call of Special Stockholders' Meeting By President of Corporation

Name: Cook Illinois Call of Special Stockholders' Meeting By President of Corporation
Brand: US Legal Forms
Rating: 4.77 (464 reviews)

Category:

Corporations - Meetings

State:

Multi-State

County:

Cook

Control #:

US-1050BG

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Generally, if a stockholders' meeting is not called by a person or a group authorized to call such a meeting, the proceedings and decisions which occur at such a meeting will be of no effect. The board of directors is usually considered to be the appropriate body to call stockholders' meetings. Some state statutes allow the stockholders themselves to call a meeting without resort to the courts when corporate management has improperly failed or refused to call a meeting. Unless there is special authorization in the charter or bylaws, a corporate officer, such as the president of the corporation, is not considered a person authorized to call a stockholders' meeting on his or her own authority.

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FAQ

When should I hold a shareholder meeting? An annual shareholder meeting is typically scheduled just after the end of the fiscal year.

Special meetings of the shareholders may be called for any purpose or purposes, at any time, by the Chief Executive Officer; by the Chief Financial Officer; by the Board or any two or more members thereof; or by one or more shareholders holding not less than 10% of the voting power of all shares of the corporation

A special shareholder meeting is sometimes called to handle issues that occur in between annual meetings, and often have certain requirements for calling and holding the meeting. Annual shareholder meetings have become something that is expected from investors.

Under section 61 of the Companies Act 71 of 2008 (Companies Act), only the board of a company, or any other person specified in the company's Memorandum of Incorporation (MOI) or rules, has the power to call a shareholders' meeting.

Special meeting is a meeting called by shareholders to discuss specific matters stated in the notice of the meeting. It is a meeting of shareholders outside the usual annual general meeting.

: a meeting held for a special and limited purpose specifically : a corporate meeting held occasionally in addition to the annual meeting to conduct only business described in a notice to the shareholders.

An Extraordinary General Meeting (EGM) is any meeting other than an Annual General Meeting (AGM). The directors may call general meetings when they wish (CA 2006, sec302) andmust call a meeting of members holding one-tenth of the voting shares or one-tenth of the voting rights request one (sec303 - sec304).

The corporation can allow others to call a special meeting, such as the BoD Chair, CEO, or yes, shareholders.

Special stockholder meetings can be called by the board of directors or any person that is authorized in the certificate of incorporation or in the bylaws of the company.

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Cook Illinois Call of Special Stockholders' Meeting By President of Corporation

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When should you hold a shareholders meeting?

When would a special meeting of the shareholders be appropriate?

What is a special shareholders meeting?

Who can call a shareholders meeting?

What is a special meeting of stockholders?

What is a special meeting?

Who is Authorised to call a general meeting?

Can shareholders call a special meeting of the shareholders?

How do you call a special shareholders meeting?

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What is the purpose of the Cook Call of Special Stockholders' Meeting?

Why is this meeting called 'special'?

Who is calling this special meeting?

Why did the President decide to call for this meeting?

Who can attend this special stockholders' meeting?

Can stockholders send a representative in their place if they can't attend?

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