Close Corporations Act, 1984 (Act No. 69 of 1984)

Part V : Internal Relations

48. Meetings of members

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(1)Any member of a corporation may by notice to every other member and every other person entitled to attend a meeting of members, call a meeting of members for any purpose disclosed in the notice.

 

(2)        Unless an association agreement provides otherwise—

(a)a notice referred to in subsection (1) shall, as regards the date, time and venue of the meeting, fix a reasonable date and time, and a venue which is reasonably suitable for all persons entitled to attend the particular meeting;
(b)three-fourths of the members present in person at the meeting, shall constitute a quorum: and
(c)only members present in person at the meeting may vote at that meeting.

 

(2A)Unless an association agreement provides otherwise, a meeting at which a quorum is not present within half an hour after the time appointed for the meeting, shall be adjourned to a day not earlier than seven days and not later than 21 days after the date of that meeting, and if at such adjourned meeting a quorum is not present within half an hour after the time appointed for the meeting, the members present in person shall constitute a quorum.

 

(2B)Where a meeting has been adjourned as contemplated in subsection (2A), the member who adjourned the meeting shall, upon a date not more than three days after the adjournment, send a written notice to each member of the corporation stating—
(a)the date, time and place to which the meeting has been adjourned;
(b)the matters before the meeting when it was adjourned; and
(c)the grounds for the adjournment.

 

(3)        

(a)A corporation shall record a report of the proceedings at a meeting of its members within 14 days after the date on which the meeting was held in a minute book which shall be kept at the registered office of the corporation.
(b)A resolution in writing, signed by all the members and entered into the minute book, shall be as valid and effective as if it were passed at a meeting of the members duly convened and held.