Securities and Futures (Offers of Investments) (Securities and Securities-based Derivatives Contracts) Regulations 2018 · As enacted · Part 3 · Debentures
21. Quorum of debenture holders
Feedback & supportA meeting of debenture holders must not transact any business unless at least 2 debenture holders are present.
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.
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.