Shareholders' Consent to Short Notice of General Meeting
This Consent to Short Notice of General Meeting is used to obtain the consent of the shareholders if a General Meeting is to be convened and held at shorter notice than the statutory period (or the period set out in the Articles).
A company’s Articles of Association can set any length of notice required for a General Meeting of its shareholders, but by Section 307 of the Companies Act 2006, notice must be at least 21 days for an AGM (for public companies only – private companies are not required to hold AGMs unless specified in the Articles of Association), or 14 days for other General Meetings - unless shareholders agree to a shorter notice period.
If a General Meeting is to be convened and held at shorter notice than the statutory period (or the period set out in the Articles) a consent form must be signed by shareholders holding at least 90% of the nominal value of shares giving a right to vote at such General Meeting (or a higher percentage specified in the company’s Articles, but not exceeding 95%) in the case of private companies. For public companies, the required percentage is 95% but short notice for AGMs can only be agreed unanimously.
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
This Consent to Short Notice of General Meeting is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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