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Old 30-09-2010, 18:42   #91
windmill
Junior Member+
 

Re: Official club statement

Quote:
Originally Posted by Tealeaf View Post
It is now over two weeks that a statement was placed on the club website that it was their intention to call an AGM in October. Given that under company law, 21 days notification has to be made prior to that AGM and given that many signed up to the share package a year ago, has anyone yet received formal word of an AGM?
According to the Memorandum and Articles of ASFC Ltd. only the Directors, not the club, can call an AGM and have to give the necessary notice.

The Shareholders can call for an Extraordinary GM if 95% of them are in agreement, also with a period of notice.

Methinks somebody at the club forgot to read the Mem & Arts!
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