(1) The Board shall call the annual general meeting of the shareholders within Three months of the expiration of each financial
year; and even thereafter, it may be called as required.
(2) No general meeting may be held unless it is attended by Fifty One percent of shareholders in person or by proxy.
(3) Where any annual or other general meeting called is not attended by a quorum of shareholders as referred to in Sub-section (2), the Board
shall call another general meeting within Seven days thereof. Any decision made by the attending shareholders or proxies at the meeting so called shall
be valid.
(4) Any decision at the general meeting of the Corporation shall be made by a majority.
(5) The shareholders present at the annual general meeting shall consider the profit and loss account, balance sheet, auditor’s report and the
Board’s report on the affairs of the Corporation for the previous year.
(6) A shareholder of the Corporation may cast vote at the rate of one vote for each share.
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(7) No shareholder may exercise vote without being present at an annual general meeting in person or by proxy.