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CORPORATIONS ACT 2001

CHAPTER 2D - OFFICERS AND EMPLOYEES  

PART 2D.3 - APPOINTMENT, REMUNERATION AND CESSATION OF APPOINTMENT OF DIRECTORS  

Division 1 - Appointment of directors  

Subdivision B - Limits on numbers of directors of public companies    View history reference

SECTION 201Q  

201Q  REQUIREMENTS FOR EXPLANATORY STATEMENT TO MEMBERS  

 View history reference
The statement accompanying the notice of a general meeting stating an intention to propose the board limit resolution must be in writing and set out clearly, concisely and effectively:


(a) the directors' reasons for proposing the board limit resolution; and


(b) all other information that:


(i) is reasonably required by members in order to decide whether or not it is in the company's interests to pass the proposed board limit resolution; and

(ii) is known to the company or to any of its directors.

Note: Section 1309 creates offences where false and misleading material relating to a corporation's affairs is made available or furnished to members.


 



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