What is the period of notice for a shareholder meeting?

The period of notice of a general meeting of a private limited company is 14 days. For this purpose, 14 days means 14 clear days, excluding the date on which the notice is given and the date of the meeting itself. The days include weekends and bank holidays. The company’s Articles of Association may require a longer period than that.

Can a shareholder meeting be held on short notice?

A shareholder meeting may be held on shorter notice than 14 days unless the Articles of Association prescribe a minimum period of notice. Consent to a shareholder meeting on short notice may be given by shareholders who, together, hold at least 90% in nominal value of the shares which give the right to attend and vote at the meeting. This percentage may be increased in the Articles of Association to not more than 95%.

When do I use this document? for the grant of both a put option and call option over shares in a private limited company so that both the buyer has an option to purchase the shares and the seller has an option to sell the shares What are the key features? 24 clauses over 16 pages grant of the put and call options, with related definitions of option shares, exercise conditions and exercise periods put option exercise and form of exercise notice call option exercise and form of exercise notice mechanics for sale and purchase of option shares warranties and undertakings from the seller What else do I need to know? The principal matters which the parties to a put and call option agreement will need to negotiate include: option shares: the number of option shares exercise conditions: whether either option exercise is subject to satisfaction of any pre-conditions exercise periods: the time periods during which the seller may exercise the put option and the buyer may exercise the call option exercise price: the price payable for the shares What other docs are available? For alternative option agreements over shares, see: Call Option Agreement – shares Put Option Agreement – shares

Shareholder meeting: consent to short notice

Name: Consent to short notice template - Paper Rock Docs
SKU: COM012.001
Price: 15.00 GBP
Availability: InStock

Consent from shareholders for holding a general meeting of a private limited company on short notice, to be signed by shareholders representing the minimum required aggregate percentage of the company’s total shares.

for shareholders to consent to holding a general meeting of the company on short notice
for the general meeting of a private limited company

What are the key features?

form of notice from shareholder(s) to the company
alternative forms of notice depending on whether it will be signed by a single shareholder or multiple shareholders

What else do I need to know?

The notice period for a general meeting of a private limited company is 14 clear days unless the company’s Articles of Association specify a longer period. However, the meeting can be held on shorter notice than 14 days, provided that the Articles of Association do not mandate a minimum period of notice.

Shareholders holding at least 90% in nominal value of the voting shares may consent to a meeting being held on short notice. This percentage can be increased in the Articles of Association to a maximum of 95%.

Note that notice of the meeting must still be given.

What other documents are available?

Related documents for calling and holding general meetings include:

Description

When do I use this document?

for the grant of both a put option and call option over shares in a private limited company
so that both the buyer has an option to purchase the shares and the seller has an option to sell the shares

What are the key features?

24 clauses over 16 pages
grant of the put and call options, with related definitions of option shares, exercise conditions and exercise periods
put option exercise and form of exercise notice
call option exercise and form of exercise notice
mechanics for sale and purchase of option shares
warranties and undertakings from the seller

What else do I need to know?

The principal matters which the parties to a put and call option agreement will need to negotiate include:

option shares: the number of option shares
exercise conditions: whether either option exercise is subject to satisfaction of any pre-conditions
exercise periods: the time periods during which the seller may exercise the put option and the buyer may exercise the call option
exercise price: the price payable for the shares

What other docs are available?

For alternative option agreements over shares, see:

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

£15.00 exc VAT

Updated by a lawyer on 26/08/2024

Updated By a lawyer on 11/15/2022

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Shareholder meeting: consent to short notice

When do I use this document?

What are the key features?

What else do I need to know?

What other documents are available?

When do I use this document?

What are the key features?

What else do I need to know?

What other docs are available?

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

Create your document in 3 Easy Steps

PaperRock offers affordable, legal document templates, written by experienced and expert lawyers, trusted by businesses across the UK and beyond. No hidden charges or trial sign-ups are required to complete your document.

“I have worked in legal and business affairs for over 25 years and need access to a wide range of corporate and commercial legal precedents. Paperrock is a refreshing source of high-quality legal templates. Superb value for money.”

Amanda | Bannister Creative

“It’s hard to find legal documents on the internet you can really trust. Knowing an expert lawyer has drafted what I need, gives my business the edge and gives me peace of mind.”

Elle, Founder | Winslow skincare & aesthetics.

“As an SME Paperrock saves us the legal fees we’ve previously had to spend. In these challenging times that's a big help. Great products and support.”

Giles, MD | Boniti Ltd.

Shareholder meeting: consent to short notice

When do I use this document?

What are the key features?

What else do I need to know?

What other documents are available?

When do I use this document?

What are the key features?

What else do I need to know?

What other docs are available?

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

Related Articles

Create your document in 3 Easy Steps

PaperRock offers affordable, legal document templates, written by experienced and expert lawyers, trusted by businesses across the UK and beyond. No hidden charges or trial sign-ups are required to complete your document.

“I have worked in legal and business affairs for over 25 years and need access to a wide range of corporate and commercial legal precedents. Paperrock is a refreshing source of high-quality legal templates. Superb value for money.”

Amanda | Bannister Creative

“It’s hard to find legal documents on the internet you can really trust. Knowing an expert lawyer has drafted what I need, gives my business the edge and gives me peace of mind.”

Elle, Founder | Winslow skincare & aesthetics.

“As an SME Paperrock saves us the legal fees we’ve previously had to spend. In these challenging times that's a big help. Great products and support.”

Giles, MD | Boniti Ltd.

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