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Welcome To Contract Easily! ( Consult, Contract, Share,download Legal Matters Easily )
Contract Easily
Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
A requisition for an Extraordinary General Meeting (EGM) of a company is drafted when shareholders wish to propose specific resolutions or address urgent matters beyond the scope of regular meetings. Here are guidelines for drafting such a requisition:
Clear Purpose: Clearly state the purpose of the EGM, outlining the resolutions or matters to be discussed, ensuring transparency and understanding.
Legal Basis: Ground the requisition in applicable legal provisions and the company's articles of association, ensuring compliance with relevant regulations.
Shareholder Details: Include details of the shareholders making the requisition, such as names, addresses, and shareholding details, for authentication and verification purposes.
Resolutions Proposed: Specify the resolutions proposed for discussion at the EGM, providing clear wording and rationale for each resolution.
Common mistakes to avoid:
Vague Language: Clearly articulate the purpose and resolutions to avoid misinterpretation or confusion among shareholders and the company's management.
Non-Compliance: Ensure that the requisition complies with the company's articles of association and legal requirements to prevent challenges or objections to the process.
Incorrect Shareholder Information: Verify and provide accurate details of the shareholders making the requisition, preventing disputes over the legitimacy of the request.
Missing Supporting Documents: Include any supporting documents or proxies required under the company's rules to strengthen the requisition's validity and enforceability.
By adhering to these guidelines and avoiding common mistakes, a well-drafted requisition for an EGM will effectively communicate shareholders' intentions and facilitate the necessary procedures for convening an Extraordinary General Meeting of the company.