short notice

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A lesser period of notice for the calling of a company meeting. In the case of an annual general meeting of a public company, it may be agreed by all members entitled to attend and vote at it (Companies Act 2006 s 337); for other meetings of a public company 95% of the shareholders must agree. In the case of a private company the requisite majority is 90% or such higher majority not exceeding 95% as specified in the articles of association (Companies Act 2006 s 307 (5) (6). There are strict requirements for the details to be given for short notice and service of the notice.

Subjects: Law.

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