Table of Contents
How do you call a strata EGM?
There are two ways to arrange for a general meeting:
- the secretary or strata committee can call one at any time, or.
- if owners entitled to vote, who together hold at least a quarter of the total unit entitlements, ask for a meeting in writing.
When can an EGM be called?
Upon the submission of a valid request, the board of directors of the company must call for an extraordinary general meeting within three weeks. In case the board fails to do so, the members can themselves call the EGM within three months of depositing the request.
What notice is required for an EGM?
14 days
The minimum full period of notice for all meetings is 14 days, even if a special resolution is to be proposed, except for the AGM of a PLC, which is 21 days. The company’s articles may require a longer period. Note that the ‘clear day rule’ is found in sec360.
How do I request an EGM?
An extraordinary general meeting can be called by either a:
- committee member (if approved by the majority of voting committee members)
- written request signed by at least 25% of lot owners or their representatives.
- person authorised by an adjudicator’s order.
Can anyone attend a strata committee meeting?
Attendance. An owner or, the company nominee of the corporation, can attend strata committee meetings but they cannot speak unless the committee allows.
How many proxies can a strata manager hold?
five proxies
In New South Wales For example, if your strata property has a total of 100 lots, it can have a maximum of five proxies.
Who is entitled to call the extraordinary general meeting?
Sub-section (1) of section 100 empowers the board of directors to call extraordinary general meeting as and when it is deemed necessary. The board may call such extraordinary meeting depending upon the exigencies of the conduct of the business of the company.
What is the purpose of an EGM?
The extraordinary general meeting is utilized to deal with urgent matters that come up between annual shareholders’ meetings. EGMs are often considered for emergency measures such as resolving an immediate legal matter or the removal of a key manager.
Who can issue notice of EGM?
1.2. 1. Notice in writing of every Meeting shall be given to every Member of the company. Such Notice shall also be given to the Directors and Auditors of the company, to the Secretarial Auditor, to Debenture Trustees, if any, and, wherever applicable or so required, to other specified persons.
How much notice is needed for a meeting?
Giving 24 to 48 hours’ advance notice of scheduled employee meetings is sufficient to ensure you avoid unemployment compensation liability in the event employees choose to ignore attendance requirements.
Who is not entitled to call the extraordinary general meeting?
However, only certain members with a significant stake in the company are allowed to call for an EGM. They are listed in the Companies Act,2013 as follows. In the case of a company having a share capital, members holding not less than one-tenth of such paid-up capital of the company that carries voting rights.
Can a chairperson vote strata?
If the Chairperson is present they must preside at all meetings of the strata committee. If the Chairperson is away the strata committee must appoint another strata committee member to chair that meeting only. The Chairperson does not have a deciding vote.