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ACCA LW · Chapter 10 · Question 11 of 13

Members of a company holding at least 5% of the paid-up voting share capital deposit a request for a general meeting. Under s303-304 Companies Act 2006, what must the directors do?

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Reveal answer & explanation

Correct answer: A) Call a meeting within 21 days of receiving the request, to be held not more than 28 days after the notice convening it

Explanation

Members representing at least 5% of the paid-up capital carrying voting rights may require the directors to call a general meeting. The directors must call the meeting within 21 days of the request, and it must be held within 28 days of the notice. If the directors fail to do so, the requesting members may call it themselves and recover reasonable expenses from the company.

All 13 questions in Chapter 10Directors, company secretary and meetings MCQs with answers

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