In what situation is an agreement to short notice of general meeting required?

Prepare for the SQE2 Drafting Exam with our engaging quiz. Equip yourself with expert strategies, detailed questions, hints, and explanations to conquer the test with confidence!

An agreement to short notice of a general meeting is required when resolutions can be proposed under shorter notice than the legal requirements. In many jurisdictions, companies are typically required to provide notice for a specific period prior to a general meeting to ensure that all shareholders have adequate time to prepare and attend. However, there might be situations where a company must convene a meeting more urgently, for instance, to address time-sensitive matters. If the company needs to propose resolutions at such a meeting, it must obtain the agreement of the shareholders to proceed with less than the standard notice period. This agreement is crucial to ensure that the shareholders who may not have been given regular notice still consent to the meeting and the proposed actions.

Other situations listed, while they may involve discussions or meetings, do not inherently require an agreement for shorter notice in the same manner. For example, the inability of shareholders to attend, the company's dissolution process, or general financial difficulties do not automatically necessitate a shorter notice agreement as these situations do not pertain to the legal frameworks governing notice periods and shareholder resolutions specifically.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy