RE: RE: Latest re. (non) Proxy fightNope - it's probably because lynching the Bob and the BOd is considered airing a personal grievance...
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(7) The directors need not comply with subsection (5) if
(a) the directors have called a general meeting to be held after the date on which the requisition is received by the company and have sent notice of that meeting in accordance with section 169,
(b) substantially the same business was submitted to shareholders to be transacted at a general meeting that was held not more than the prescribed period before the receipt of the requisition, and any resolution to transact that business at that earlier meeting did not receive the prescribed amount of support,
(c) it clearly appears that the business stated in the requisition does not relate in a significant way to the business or affairs of the company,
(d) it clearly appears that the primary purpose for the requisition is
(i) securing publicity, or
(ii) enforcing a personal claim or redressing a personal grievance against the company or any of its directors, officers or security holders,
(e) the business stated in the requisition has already been substantially implemented,
(f) the business stated in the requisition, if implemented, would cause the company to commit an offence, or
(g) the requisition deals with matters beyond the company's power to implement.