"The minimum number of shareholders required by s 249D is only 100 members or members with at least 5% of the votes. (note the 'or')
Once the general meeting is requisitioned in this way, the directors have to convene a meeting within 21 days (s 249D(1)(b)).
If this does not occur, the shareholders may call, arrange and hold a general meeting themselves, provided that more than 50% of the requesting shareholders agree (s 249E(1)).
The cost of the meeting will be met by the company.
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