The Companies Act No. 17 of 2015Section 279 of The Companies Act No. 17 of 2015: Power of members to convene general meeting at the expense of the company
(1) If, after having been required to convene a general meeting under section277, the directors fail to do as required by section 278, the members who requested the meeting, or any of them representing more than one half of the total voting rights of all them, may convene a general meeting.
(2) If the requests received by the company included the text of a resolution intended to be moved at the meeting, the members concerned shall include in the notice convening the meeting the text of the intended resolution.
(3) The members concerned shall ensure that the meeting is convened fora date not more than three months after the date on which the directors were requested to convene a meeting.
(4) The members concerned shall convene the meeting, as nearly as practicable, in the manner in which meetings are required to be convened by directors of the company.
(5) The business that may be dealt with at the meeting includes a resolution of which notice is given in accordance with this section.
(6) The company shall reimburse the members concerned for all reasonable expenses incurred by them because the directors failed to convene a meeting as required by section 278.
(7) The company shall deduct from the remuneration payable to the directors who were in default the amount of expenses reimbursed to members under subsection (6).
Check the current authoritative text and amendment history before relying on this provision.
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