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At the company’s annual general meeting, James bumps into the company secretary. James had observed that the notice he had received advising him of his company’s annual general meeting had stated that...

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At the company’s annual general meeting, James bumps into the company secretary. James had observed that the notice he had received advising him of his company’s annual general meeting had stated that it would commence ‘at 1 pm’. Yet, on the day, the annual general meeting had not commenced until 1.10 pm because the chair had been delayed in traffic while trying to reach the meeting’s venue. James surmised that this delay in starting the meeting could constitute a procedural i
egularity that could only be rectified by his company conducting the whole annual general meeting again.
2. Pretend that you are the company secretary and provide advice to James regarding his question on procedural i
egularity. Use relevant sections of the Corporations Act 2001 and/or case laws to support your answer (3 marks).
Answered Same Day Jun 02, 2021

Solution

Jose answered on Jun 03 2021
158 Votes
The University of Queensland
1
Management
Business
Annual General Meeting
Individual
Lecturer:
Student Submitting:
Due Date: 03/05/2020
     The managing directors of the company give more importance to the annual general meeting. The annual general meeting provides an opportunity for the managing directors for informing the shareholders about the performance and plans. While analysing the present case we can understand that the annual general meeting was scheduled at 1.00 pm but due to heavy traffic, the chair had been delayed in while trying to reach the meeting’s venue. The major concerns related to the case is;
1. Procedural i
egularity
2. Considering the sections Corporations Act 2001 related with Annual General Meeting 
Procedural i
egularity
As per the corporation act 2001 procedural i
egularity means;
“The absence of a quorum at a meeting of a corporation, at a meeting of directors or creditors of a corporation, at a joint meeting of creditors and members of a...
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