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Class Meetings:
"Class meetings" are not provided for by the Act. however, a class meeting may be held pursuant to the provisions of the company articles of association, if any.
Table A, Article 4 allows a company to vary the rights attached to any class of shares if the variation is consented to in writing by the holders of three-fourths of the issued shares of that class or is sanctioned by a special resolution passed at "a separate general meeting of the holders of the shares of the class".
The provisions of Table A in relation to general meetings shall apply to every such separate general meeting, except that the necessary quorum shall be two persons at least holding or representing by proxy one-third of the issued shares of the class.
It should be noted that, although holders of other classes of shares may attend the meeting as happened in Carruth v I.C.I. Ltd, infra, they cannot vote thereat.
Explanatory statement - mergers and winding up: It is also necessary that the members or creditors who are to vote on the scheme should be able to understand its full effects.
Differences between registered companies and partnerships: The basic differences between registered companies and partnerships are as follows: (a) Formation Registration
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