Section 17: Annual general meetings and special meetings of the shareholders

17. Annual general meetings and special meetings of the shareholders.__ (1) The annual general meeting of the shareholders shall be held on such date in the first week of September every year or as soon thereafter as is convenient, at such time and such place in Pakistan as may be fixed by the Board [.]1 2* * * * * * * (2) The Board shall submit at the annual general meeting for the consideration of shareholders a balance sheet and a statement of profit and loss of the Corporation for the financial year ending on the thirtieth day of June next preceding such meeting. (3) The Board may convene a special meeting of the shareholders to be held at such time and place as it may fix for consideration of any matter which, in the opinion of the Board ought to be considered by the shareholders. (4) Every shareholder shall be entitled to attend a meeting of the shareholders, but no shareholder shall be entitled to vote at any such meeting unless he__ (a) has been registered as a shareholder for a period of not less than three months prior to the date of such meeting ; and (b) has paid all calls and other sums presently payable by him in respect of shares of the Corporation. (5) Every shareholder entitled to vote shall, when present in person have one vote to be cast by show of hands. (6) On a poll each shareholder entitled to vote shall have one vote for every five shares and may give his vote either personally or by proxy. 1Subs. by the Federal Laws (Revision and Declaration) Ordinance, 1981 (27 of 1981), s. 3 and Sch., II, for colon. 2 Proviso omitted ibid.

Effective date: 1966-01-01

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