PART 4Protected Cell Companies
CHAPTER 10Shareholder resolutions
Procedure at general meetings142
1
A person holding voting shares issued on behalf of the core of a protected cell company may be elected to chair a general meeting by a resolution passed by the persons holding voting shares, subject to any provision of the protected cell company's instrument of incorporation.
2
On a vote on a resolution at a meeting on a show of hands, a declaration by the person chairing the meeting that the resolution—
a
has or has not passed; or
b
has passed with a particular majority,
is conclusive evidence of that fact without proof of the number or proportion of the votes recorded in favour of or against the resolution.
3
An entry in respect of such a declaration in minutes of the meeting recorded in accordance with regulation 145 is also conclusive evidence of that fact without such proof.
4
Where a resolution is passed at an adjourned meeting of shareholders, the resolution is for all purposes to be treated as having been passed on the date on which it was in fact passed, and is not to be deemed passed on any earlier date.