Companies Act 2014 section 1203

Convening of extraordinary general meeting on requisition

Section 1203 adapts the rules for requisitioning an extraordinary general meeting so that they work for companies limited by guarantee, replacing share capital references with a voting rights threshold.

• The standard rules for requisitioning an extraordinary general meeting (section 178) are modified for companies limited by guarantee (CLGs).
• References to share capital in the original provisions are removed, since CLGs do not have share capital.
• Members holding at least 10% of the total voting rights at the date of the requisition can require the directors to convene an extraordinary general meeting.
• Upon receiving a valid requisition, the directors must proceed immediately to convene the meeting.