The
Companies Act of Republic Of Maldives
Law
No: 10/96 (An Unofficial
Translation)
Power of the registrar
of companies to convene a general meeting of the company
72. (a) If for any reason
a general meeting of the company be duly convened or cannot proceed in
accordance with the company’s articles or as prescribed in this Act then
every member of the company reserves the right to apply to the registrar
of companies requesting him to convene a general meeting of the company
and if the company fails to convene a meeting as instructed by the registrar,
the registrar reserves the right to convene a general meeting of the company.
The meeting convened by the registrar shall be chaired by the registrar
of companies or any other person appointed by the registrar.
(b) A meeting convened
by the registrar of companies as provided in sub-section (a) of this section
may proceed even if one shareholder or a proxy attends it.
Members applying for a
court order
73. (a) A member of the company
or members of the company may apply for a court order if a right of a member
or members in adversely affected or if there is a prejudice to the harmony
of the members or the affairs of the company is managed in a manner detrimental
to right of a member or members or part of the members.
(b) If in the opinion
of the court a right of the applicant under sub-section (a) of this section
is adversely affected the court has the power to issue any of the following
order or orders:
(1) an order directing
the affairs of the company affecting the right complained.
(2) an order restraining
or requiring the rectification of the affairs of the company affecting
the right complained.
(3) an order requiring
alteration of the memorandum and articles of association of the company.
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