Singapore legislation
Regulation 21
Regulation 21
Quorum of debenture holders
Subregulation 1
A meeting of debenture holders must not transact any business unless at least 2 debenture holders are present.
Subregulation 2
If, within half an hour after the time appointed for the meeting, a quorum of debenture holders is not present, the meeting must stand adjourned to such other day (being not less than 7 and not more than 21 days after the day on which the meeting is adjourned) and at such other time and place as the chairman of the meeting may appoint.