Revised Laws of Saint Lucia (2021)

148.   Restraining order

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    (1)   If a form of proxy, management proxy circular or dissident's proxy circular—

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      (a)     contains an untrue statement of a material fact; or

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      (b)     omits to state a material fact required therein or necessary to make a statement contained therein not misleading in the light of the circumstances in which it was made,

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      an interested person or the Registrar may apply to the court.

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    (2)   On an application under this section the court may make any order it thinks fit, including any or all of the following orders:

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      (a)     an order restraining the solicitation or the holding of the meeting or restraining any person from implementing or acting upon any resolution passed at the meeting to which the form of proxy, management proxy circular or dissident's proxy circular relates;

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      (b)     an order requiring correction of any form of proxy or proxy circular and a further solicitation; or

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      (c)     an order adjourning the meeting.

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    (3)   An applicant under this section other than the Registrar shall give the Registrar notice of the application; and the Registrar may appear and be heard in person or by an attorney-at-law.

Division G: Financial Disclosure

Comparative Financial Statements