CS Professional · CSR and Social Governance · Model Code for Meetings of Non-Corporate Entities
The bye-laws of a charitable trust with 200 members say the secretary must call a special general meeting within 21 days if members holding at least one-fifth of the total membership submit a written requisition stating the business. Thirty members submit such a requisition. What is the position?
The requisition is not valid. One-fifth of 200 members is 40, while only 30 members, or 15%, signed it, so the secretary is not bound to call the special general meeting within 21 days, and the requisitionists cannot call it themselves.
- AThe requisition is valid, since more than 10% of members have signed
- BThe requisition is invalid, as 30 members is only 15%, below one-fifth (40 members)Correct
- CThe secretary must call the meeting because any written requisition binds him
- DThe requisitionists may themselves call the meeting immediately
Explanation
One-fifth of 200 members is 40. Thirty members is 15%, which is below the threshold, so the requisition does not oblige the secretary to call the meeting. The requisitionists' right to call the meeting themselves arises only after a valid requisition is ignored.
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