Section 42: Special general meeting

42. Special general meeting (1) The Board— (a) may, at any time, convene a special general meeting; (b) shall convene a special general meeting— (i) at the request of one fifth of the total number of members or 2 members, whichever is higher, within 21 days from the date of the request, such members holding— (A) 20 per cent of the ordinary shares of the society; or (B) 30 per cent of the preference shares of the society, if any; or (ii) at the request of the Registrar, within 30 days from the date of the request. C49 – 21 [Issue 9] Co-Operatives Act (2) Where the Board fails to comply with a request under subsection (1) (b), the Registrar may convene a special general meeting. (3) A special general meeting may conduct any business that may be conducted at an annual general meeting except the approval of the accounts.