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CAF-4 · Chapter 22 · Question 10 of 11

If members holding 10% voting power requisition an EGM, but the directors fail to call the meeting within 21 days, what action can the requisitionists take?

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Reveal answer & explanation

Correct answer: B) They can call the meeting themselves, provided it is held within 90 days from the date of the deposit of the requisition.

Explanation

If directors default, the requisitionists themselves can call the meeting, but it must be held and conducted within 90 days from the date the requisition was originally deposited.

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