CAF-4 · Chapter 22 · Question 8 of 11
If a meeting is called by the Commission (SECP) due to a default in holding the AGM, what special rule regarding the quorum may the Commission direct?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) One member of the company present in person or by proxy shall be deemed to constitute a meeting.
Explanation
When the Commission directs the calling of a meeting, it may give consequential directions, including a direction that one member present in person or by proxy shall be deemed to constitute a meeting.
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