Section 303 Board Resolution To Consider Notice Of General Meeting Requisitioned By Members

The legal template "Section 303 Board Resolution To Consider Notice Of General Meeting Requisitioned By Members under UK law" is primarily concerned with addressing a situation where members of an organization, such as shareholders or members of a company, have formally requested a general meeting to be held.

Under UK law, in accordance with Section 303 of the Companies Act 2006, shareholders or members with at least a specified percentage of voting rights (as stipulated in the articles of association or statute) have the right to requisition a general meeting. This provision allows them to bring forth matters of concern or importance that fall within the purview of such meetings.

This specific Board Resolution template is designed to guide company directors or board members in considering the notice of a general meeting requisitioned by members. It outlines the appropriate steps and processes to follow to address the members' request in compliance with UK law.

The template may include sections covering essential details such as the identification of the requisitioning members, the purpose of the requested meeting, relevant dates, and any specific requirements outlined in the articles of association regarding the notice and conduct of the meeting.

Additionally, the template might address further steps to be taken by the board after it has duly considered the members' requisition. This can include making a decision on whether to grant the request and proceed with arranging the general meeting within a prescribed time frame, or providing justifiable reasoning if the requisition is denied.

Overall, this legal template aims to provide a framework for company directors or board members to effectively manage and respond to a notice of a general meeting requisitioned by members, ensuring compliance with UK law and promoting transparency in the decision-making processes of the organization.