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Law library · Sierra Leone · The Companies Act, 2009

Section 199, The Companies Act, 2009

In forceThe Companies Act, 2009, Sierra Leone

(1) Unless otherwise provided in the articles, no businessshall be transacted at any general meeting unless a quorum of members is present at the time when the meeting proceeds to business and at the time of any voting. (2) Unless otherwise provided in the articles, the quorum for the meeting of a company shall be one-third of the total number of members of the company or 25 members (whichever is less) present in person or by proxy, but where the number of members is not a multiple of three, then the number nearest to one-third, and where the number of members is 6 or less, the quorum shall be two members. (3) This section does not apply to one-man companies. (4) For the purpose of determining a quorum, all members or their proxies shall be counted. (5) If within half an hour from the time appointed for the meeting a quorum is not present, the meeting, if convened upon the requisition of members shall be dissolved; in any other case it shall be adjourned to the same day in the next week, at the same time and place, and if at the adjourned meeting a quorum is not present within half an hour from the time appointed for the meeting the members present shall form a quorum.

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