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.
Read the whole lawDownload PDFAsk Tima what this means
Check the current official version before relying on this text. MiLAWYER shares legal information, not legal advice.