(1) Upon the application to the court by a director of a company or a shareholder of the company who is entitled to vote at a meeting of the shareholders, or by the Registrar, the court may—
(a) when for any reason it is impracticable;
(i) to call a meeting of shareholders in the manner in which meetings of shareholders can be called, or
(ii) to conduct the meeting in the manner prescribed by the bye-laws and this Act; or
(b) when the directors fail to call a meeting of the shareholders in contravention of section 131; or
(c) for any other reason thought fit by the court,
order a meeting of shareholders to be called, held and conducted in such manner as the court may direct.
(2) Without restricting the generality of subsection (1), the court may order that the quorum required by the bye-laws or this Act be varied or dispensed with at a meeting called, held and conducted under this section.
(3) A meeting of the shareholders of a company called, held and conducted under this section is for all purposes a meeting of shareholders of the company duly called, held and conducted.
Controverted Affairs