Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 129

Length of notice for calling meetings

129.
(1) Any provision of a company's articles shall be void in so far as it provides for the calling of a meeting of the company (other than an adjourned meeting) by a shorter notice than
(a) in the case of the annual general meeting, twenty-one days notice in writing in the case of a company other than a private company, and fourteen days' notice in writing in the case of a private company and
(b) in the case of a meeting other than an annual general meeting or a meeting for the passing of a special resolution, fourteen days' notice in writing in the case of a company other than a private or an unlimited company and ten days' notice in writing in the case of a private or an unlimited company.
(2) Subject to the provisions of subsection (1), save in so far as the articles of a company make other provisions in that behalf, a meeting of the company (other than an adjourned meeting) may be called
(a) in the case of the annual general meeting by twenty' one days notice in writing in the case of a company other than a private company, and by fourteen days notice in writing in the case of a private company; and
(b) in the case of a meeting, other than an annual general meeting or an meeting for the passing of a special resolution, by fourteen days' notice in writing in the case of a company other than a private or an unlimited company and by ten days' notice in writing in the case of a private or an unlimited company.
(3) A meeting of the company shall, notwithstanding that it is called by shorter notice than that specified in the last foregoing subsection or in the company's articles, as the case may be, be deemed to have been duly called if it is so agreed-
(a) in the case of a meeting called as the annual general meeting, by all the members entitled to attend and vote at such meeting ; and
(b) in the case of any other meeting, by the members having a right to attend and vote at the meeting, being members together holding not less than ninety-five per centum in nominal value of the shares giving a right to attend and vote at the meeting, or, in the case of a company not having a share capital, together representing not less than ninety-five per centum of the total voting rights at that meeting of all the members.


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