Join the 9 million people who found a smarter way to get Expert help

Recent Annual General Meeting questions

After Mar., 2014, a new companies ordinance was effected in

After Mar., 2014, a new companies ordinance was effected in Hong Kong, Cap 622. section 612(2)(a) says that a company is not also required to hold an annual general meeting in accordance with section 610 if the company has only one member.Our company has one shareholder now. The questions are how to write minutes I) to re-appoint directors , 2) re-appoint auditors 3) approve audited account which we did in annual general meeting (AGM) in the previous years as we are not required to hold AGM in this year.Section 396 (3) (a) a company must appoint the auditor of the company for a financial year by a resolution passed at a general meeting if by virtue of section 612(2) , it is not required to hold an AGM in accordance with section 610 in respect of the previous financial year. The Articles 30 of Association of our company require directors retire at the company's AGM and the retired directors can be re-appointed.In previous year , we write a directors' minutes to call an AGM, to note the retire of directors according to 30 Articles of Association & being re-appointed, to note the re-appointment of auditors and to note the available for approval of audited accounts in the forthcoming AGM and sent the related notice. In AGM, we approve the audited account, the directors retired and be re-appointed, and re-appoint the auditor until the conclusion of the next AGM.I want to know the exact wordings in the minutes/ resolutions of how to write the directors' resolutions and shareholder's resolutions which we had done as in the AGM of previous to pass the above issues.

Read more

Law Educator, Esq.

Attorney At Law

Doctoral Degree

116,596 satisfied customers
I was (I resigned over this issue) on the board of directors

I was (I resigned over this issue) on the board of directors of a local 501c3 table tennis club.  during our annual general meeting a group of 8 candidates (the current secretary was not one of the approved candidates, see below) for the upcoming board of directors was approved.  it was agreed that members were to have one week to vote for up to 5 candidates for the board.a few days after the meeting, the secretary with apparent approval from the president, decided that one candidate should not be allowed to run because his annual dues had not been paid.  the candidate not allowed to run is an elderly irascible gentleman in ill health with a history of bad blood with the secretary.  I immediately offered and did pay the elderly gentlman's dues.voting commenced immediately after the meeting.  the candidates were listed with letters a-h adjacent to their names.  we voted by writing the letters associated with each of 5 candidates on a slip of paper and giving it to the president.mid week, the secretary forwarded a new candidate list to the membership with his name replacing the elderly gentleman's in the 'b' position.  as a setting board member, I protested this via email immediately and demanded a correction.  I was denied by the president and secretary and therefore resigned via email.the secretary is well healed and likely to have a large umbrella policy.  the elderly gentleman is not well healed and being an accepted member of the table tennis community is of inordinate value to his mental health.is there a case?

Read more

Asad Rahman

Attorney

J.D.

4,660 satisfied customers
I am a partner in a LLC. The managing partner has asked for

Hello. I am a partner in a LLC. The managing partner has asked for a copy of all my business emails. Am I obligated to give him these? There is nothing in the operating agreement covering emails. If I do, do I need to supply them in electronic form or can I just print them? Thanks.

Read more

Richard - Bizlaw

Juris Doctor

11,462 satisfied customers
Second opinion] I am a partner in a LLC. The managing

Second opinion] Hello. I am a partner in a LLC. The managing partner has asked for a copy of all my business emails. Am I obligated to give him these? There is nothing in the operating agreement covering emails. If I do, do I need to supply them in electronic form or can I just print them? Thanks.

Read more

TJ, Esq.

Juris Doctor (JD)

11,838 satisfied customers
I am a partner in a LLC. The managing partner has asked for

Hello. I am a partner in a LLC. The managing partner has asked for a copy of all my business emails. Am I obligated to give him these? There is nothing in the operating agreement covering emails. If I do, do I need to supply them in electronic form or can I just print them? Thanks.

Read more

Dwayne B.

Juris Doctor

37,850 satisfied customers
14 April 2017 08:13 I have a legitimate loan with a

14 April 2017 08:13I have a legitimate loan with a federal...I have a legitimate loan with a federal credit union. My account was changed about 6 months ago, because of fradulent activity and I was on automatic pay. I tried unsuccessfully to get the bank over to the new account. The bank continued to pull from the closed account and didn't notify me untilit was 2 months behind at 774.00 a month. Prior to the bank change, them along with all of my other creditors were never late and paid as agreed. I have been trying to play "catch up" since September 2016.Several days ago the sent my account to an attorney. I called them and they sent me a letter to send the payments directly to them.I asked the lawyer for a settlement and they refused my offer.I wrote the attorney a letter stating that I would go ahead and send them the payment every month, on or before the 15th. of every month Since that is what they stated in a letter from the attorney to do.less than two weeks and today I received a courier summons to court to be sued for the loan. What rights do I have as I am a single parent with 3 kids. Please help, thank you.

Read more

Richard - Bizlaw

Juris Doctor

11,462 satisfied customers
I was the defendant in a small claims case and lost it. The

I was the defendant in a small claims case and lost it. The plaintiff filed a writ of execution against me and a notice of a lien against a bank account number that the plaintiff gleaned from a check I once wrote him. That account was closed a few months ago. Will the bank be able to provide the Sheriff a different, open, account number to substitute for the one that was closed?

Read more

Maverick

Doctoral Degree

8,108 satisfied customers
We are a small WA State C Corp, with shares distributed

Hi. We are a small WA State C Corp, with shares distributed among 3 shareholders, who are also directors. Two of the directors are also employees. One of these directors has, apparently, been secretly starting a competing company, about 20 blocks from our company. When confronted, he said it was "just an idea he was thinking about" but he has a building, a website, business cards, an operating license, etc. His picture is even on the other company website, introducing himself as the Executive Director there. So, it seems he is being dishonest about this "idea" that already seems to be an operating business. There is concern about him suddenly leaving here, which would negatively impact our business, because of his role here, plus concerns about taking clients and referral sources. His wife also works here, currently, but is now on his other company's website (it is an LLC with some other person), so it seems she would also leave. In looking up what I can find, apparently this seems a breach of the "duty of loyalty" aspect of his role with our company, as a shareholder/director, and it certainly seems a conflict of interest, plus, if he leaves here, there is an existing non-compete agreement for 3 years, of not operating a competing business in the same county, but he already has a competing business, in the same town, it seems. So, we don't know what to do. We're trying to protect this company, plus see if we have any legal recourse regarding these seemingly dishonest actions on his part.

Read more

INFOLAWYER

Attorney

Juris Doctor.

42,374 satisfied customers
I've been involved in a partnership that lasted almost 23

I've been involved in a partnership that lasted almost 23 years. My partner would never agree to a written partnership agreement. We did have verbal agreements. Now we have closed the business and are trying to split up the proceeds. The other partner don't want to give me credit for the $17,000 plus in additional capital that I put up plus interest. Another issue was that I never took vacations saving those monies for my retirement. I didn't draw the money I just left it in the company to minimize the amount the company needed to borrow from the line of credit. Now I'm told that I don't have any right to the money I thought that I was saving for my retirement. I was always told that the Pennsylvania Uniform partnership act spoke to all issues when there is no formal partnership agreement. Thanks for your help

Read more

Irwin Law

Juris Doctor JD

9,806 satisfied customers
View more business law questions
In The News