company law - meetings

What is an 'ordinary resolution?'

• A resolution that is passed by 50 per cent or more of the members.

• A resolution that is passed by a majority of not less than 75 percent.

• A resolution that is passed if 100 per cent of the members agree.

• A resolution that is passed by a simple majority.

What is the notice period for the annual general meeting of a public company?

• More Twenty-one clear days.

• Within Twenty-one clear days

• More Fourteen clear days.

• Within Fourteen clear days, unless the articles provide for a longer period.

What is a 'quorum?'

• The minimum number of 'qualifying persons' required in order to validly conduct business.

• A meeting that lacks a chairman.

• The maximum number of persons who may attend a meeting.

• A meeting that is invalid because sufficient notice has not been provided.

Are all companies required to hold an annual general meeting (AGM)?

• Both public and private companies are required to hold an AGM.

• Both public and private companies are required to hold an AGM, but private companies can opt out of this requirement.

• Only public companies are required to hold an AGM, but they can opt out of this requirement

• Only public companies are required to hold an AGM.

What is a 'proxy?'

• A person appointed, on behalf of a member, to attend, speak and/or vote at a general meeting on the member's behalf

• A member who appoints another person to attend, speak and vote at a general meeting on his behalf.

• A member who has agreed not to use the votes attached to his shares.

• A director of a company who owns shares in that company.

Which the following statement describe Section 340(3)

• Subsequent AGMs must be held every calendar year but not later than 6 months from the end of the company’s financial year.

• If a company is not able to hold its AGM within the prescribed time, company may apply an extension from ROC .

• ¢a company must hold its AGM within 6 months of the company’s financial year end.

• first AGM must be held within 18 months after its incorporation.

"The agenda usually constitute special businesses which are urgent and cannot be delayed until the next AGM."

Based on statement above, which meeting it's prefer?

• Annual General Meeting

• Extraordinary general meeting

• Class Meeting

• Board of Director Meeting

The numbers day of notice should be given to shareholders in order to convene the EGM if no passing of a special resolution is

• 14 days

• 21 days

• 28 days

• 30 days

If the shareholders want to remove director (Section 206(3), the company Secretary should prepared the notice ___________ days before AGM.(Section 322 (1))

• 14 days

• 21 days

• 28 days

• 30 days

Mr Munap can't attend the AGM which is convene at Sabah. However, he's using video conferencing to communicate with the shareholders during AGM. Which section is allowed these kind of method to be used during AGM?

• 327(4)

• 327(3)

• 327(2)

• 327(1)