New Zealand Gazette – 1990 – No. 170

Page 3635

✨ General Meetings of Trading Members



28 SEPTEMBER NEW ZEALAND GAZETTE 3635

evidence of the fact without proof of the number
or proportion of the votes recorded in favour of
or against the resolution.

21.15 Except as provided in clause 21.17, if a poll is duly
demanded it shall be taken in such manner as the
chairman directs and the result of the poll shall be
deemed to be the resolution of the meeting at which the
poll was demanded.

21.16 In the case of an equality of votes, whether on a show
of hands or on a poll, the chairman of the meeting at
which the show of hands takes place or at which the poll
is demanded, shall not be entitled to a second or
casting vote.

21.17 A poll demanded in respect of the election of a chairman
or on a question of adjournment shall be taken
forthwith. A poll demanded on any other question shall
be taken at such time as the chairman of the meeting
directs, and any business other than that upon which a
poll has been demanded may be proceeded with pending the
taking of the poll.

21.18 The provisions of Section 362 of the Act apply to the
Exchange and accordingly:

(a) anything that may be done by a company by
resolution, special resolution or extraordinary
resolution passed at a meeting of the Exchange may
be done by the Exchange in the same manner, or by
resolution passed without a meeting or any
previous notice being required by means of an
entry in its minute book signed by at least
three-fourths of the Trading Members having the
right to vote on that resolution holding in the
aggregate at least three-fourths in nominal value
of the shares giving that right;

(b) it shall not be necessary for the Exchange to hold
an annual general meeting if everything required
to be done at that meeting by resolution, special
resolution or extraordinary resolution (including
the adoption or approval of every balance sheet or
other document required to be laid before the
meeting) is, within the time prescribed for the
holding of the meeting, done by means of an entry
in its minute book;

(c) any such entry may be signed on behalf of any
Trading Member by its agent duly authorised in
writing, or on behalf of any partnership which is
a Trading Member by any partner in such Member;

(d) a memorandum passed or otherwise permanently
affixed in the minute book and purporting to have
been signed for the purpose of becoming an entry
therein shall be deemed to be an entry
accordingly, and any such entry may consist of
several documents in like form, each signed by or
on behalf of one or more Trading Members;

(e) the Exchange shall within seven days after any
resolution is passed by means of an entry in its
minute book send to every Trading Member by or on
behalf of which the entry has not been signed, a
copy thereof including the signatures.



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🏭 General Meetings of Trading Members (continued from previous page)

🏭 Trade, Customs & Industry
General Meetings, Quorum, Chairman, Adjournment, Voting