Shareholders' Consent to Short Notice of General Meeting

Use this Shareholders' Consent to Short Notice of General Meeting where a general meeting needs to be convened and held on shorter notice than the statutory notice period (or the longer period set out in the company’s articles of association).

Statutory notice periods under section 307 Companies Act 2006

A company’s articles of association may set the length of notice required for a general meeting. However, section 307 of the Companies Act 2006 provides minimum notice periods of:

• at least 21 days for an AGM (public companies only – private companies are not required to hold AGMs unless their articles require it); and
• 14 days for other general meetings,

unless shareholders agree to a shorter notice period.

Shareholder consent thresholds for short notice

For a private company, consent to short notice must be given by shareholders holding at least 90% of the nominal value of shares carrying voting rights at the meeting (or a higher percentage specified in the articles, but not exceeding 95%).

For a public company, the required percentage is 95%, and short notice for an AGM can only be agreed unanimously.

Shareholders' Consent to Short Notice of General Meeting is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.