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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 126

Convening of extraordinary general meeting on requisition.

126.(1) The directors of a company, notwithstanding anything in its articles,
shall, on the requisition of members of the company holding at the date of the
deposit of the requisition not less than one-tenth of such of the paid-up
capital of the company as at the date of the deposit carries the right of
voting at general meetings of the company, or, in the case of a company not
having a share capital, members of the company representing not less than
one-tenth of the total voting rights of all the members having at the said
date a right to vote at general meetings of the company, forthwith proceed
duly to convene an extraordinary general meeting of the company.

(2) The requisition must state the objects of the meeting, and must be signed
by the requisitionists and deposited at the registered office of the company,
and may consist of several documents in like form each signed by one or more
requisitionists.

(3) If the directors do not within twenty-one days from the date of the
deposit of the requisition proceed duly to convene a meeting, the
requisitionists, or any of them representing more than one half of the total
voting rights of all of them, may themselves convene a meeting, but any
meeting so convened shall not be held after the expiration of three months
from the said date.

(4) A meeting convened under this section by the requisitionists shall be
convened in the same manner, as nearly as possible, as that in which meetings
are to be convened by directors.

(5) Any reasonable expenses incurred by the requisitionists by reason of the
failure of the directors duly to convene a meeting shall be repaid to the
requisitionists by the company, and any sum so repaid shall be retained by
the company out of any sums due or to become due from the company by way of
fees or other remuneration in respect of their services to such of the
directors as were in default.

(6) For the purposes of this section the directors shall, in the case of a
meeting at which a resolution is to be proposed as a special resolution, be
deemed not to have duly convened the meeting if they do not give such notice
thereof as is required by section one hundred and thirty-five.

© 1960 Crown Copyright

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