PART 4Protected Cell Companies

CHAPTER 10Shareholder resolutions

Directors' duty to call meetings required by members139.

(1)

Directors required under regulation 138(3) to call a general meeting must—

(a)

call the meeting before the end of a period of 21 days beginning with the date on which they become subject to the requirement; and

(b)

hold the meeting before the end of a period of 28 days beginning with the date of the notice convening the meeting.

(2)

If the requests received by the protected cell company identify a resolution to be moved at the meeting, notice of the meeting must include notice of the resolution.

(3)

The business that may be dealt with at the meeting includes a resolution of which notice is given in accordance with this regulation.