Law library · Sierra Leone · The Companies Act, 2009
Section 149, The Companies Act, 2009
In forceThe Companies Act, 2009, Sierra Leone
(1) The terms of any debenture or trust deed may providefor the convening of general meetings of the debenture holders and
for the passing, at such meetings, of a resolution binding on all the
holders of the debentures of the same class.
(2) Whether or not the debentures or trust deed contain
such provisions as are referred to in subsection (1), the Commission
may at any time direct a meeting of the debentures holders of any
class to be held and conducted in such manner as the Commission
thinks fit, to consider ancillary or consequential directions as it shall
think fit.
(3) Notwithstanding anything contained in a debenture
trust deed, or in any debenture or contract or instruments, the trustee
of a debenture deed shall, on the requisition of persons holding, at
the date of the deposit of the requisition, debentures covered by the
trust deed which carry not less than one-tenth of the total voting
rights attached to all the issued and outstanding debentures of that
class, forthwith, proceed duly to convene a meeting of that class of
debenture holders.
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