PDF 0.00% 0.0¢ pacific dairies limited

Under section 249, the company must call a meeting within 21...

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  1. 134 Posts.
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    Under section 249, the company must call a meeting within 21 days of receipt of a valid notice. That meeting must be held under the conditions of the act within 2 months of receiving the shareholder notice.

    The company called a meeting to deal with the 249D notice but did not deal with it. In effect it couldn't deal with it without the vote being invalidated due to procedural non compliance.

    By already calling a meting it can now not attempt to invalidate the notice.

    in effect the company must comply with the act. If not shareholders have rights to call the meeting and proceed with the notice without the Directors..
 
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Currently unlisted public company.

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