Calling an extraordinary General Meeting Sample Clauses
The 'Calling an extraordinary General Meeting' clause defines the process by which a company can convene a meeting of its shareholders outside of the regularly scheduled annual general meeting. Typically, this clause outlines who has the authority to request such a meeting—such as the board of directors or a specified percentage of shareholders—and the notice requirements that must be met. Its core function is to provide a formal mechanism for addressing urgent or significant matters that arise between annual meetings, ensuring that important decisions can be made in a timely manner when necessary.
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Calling an extraordinary General Meeting. An extraordinary General Meeting may be called by the Board at its own initiative, at the request of the Auditor, external auditor or any Shareholder(s) holding in aggregate at least 10 (ten) per cent of the voting shares of the Company as of the date of such request. If called at the initiative of the Board, a General Meeting shall be held at a date reasonably determined by the Board. If called at the request of the Auditor, external auditor or any Shareholder(s) holding in aggregate at least 10 (ten) per cent of the voting shares of the Company, an extraordinary General Meeting shall be held, on such day, and at such place, within or outside the Russian Federation and subject to article 10.6, as designated by the Board, within 40 (forty) days from the date at which the request that the extraordinary General Meeting be held was submitted to the chairman of the Board. In the event that the Board fails to make a decision with respect to the General Meeting or to designate such time and place within 5 (five) days of the date when written notice requesting a General Meeting is submitted by the initiator of the General Meeting to the chairman of the Board or if the Board refuses to hold such General Meeting, then the initiator may convene such General Meeting by giving notice to the Shareholders in writing in English at least 20 (twenty) days prior to the proposed date of the General Meeting, provided that such notice includes the agenda of the General Meeting and specifies the date and the time of the General Meeting, and also provided that the initiator complies with other requirements of the Legislation and this Charter.