In this legal update, we set out to examine §177 of the Companies Act 1967 (the “CA”), one of two statutory provisions enshrining the right of members to convene general meetings of a company, subject to minimum shareholding requirements. While the calling of a meeting under §177 of the CA (“§177 meeting”) is a statutory right, members often run into practical difficulties when attempting to exercise their right to call such a meeting. This legal update will examine some of these practical difficulties which requisitioners (“the Requisitioning Shareholders”) of a §177 meeting may face, especially in the context of a listed company (the “Listco”).
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