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Legal Assistance with Extraordinary Shareholders' Meetings

A properly managed corporate record helps prevent documentary problems from obstructing necessary company decisions. Extraordinary meetings deal with structural matters, such as bylaw amendments and certain capital changes. Their preparation requires particular care with quorum and voting majorities.

What to keep in mind

Draft resolutions, eligibility to vote, special rights, notices, supporting documents and subsequent registration should be evaluated before calling the meeting.

A resolution supported by an ordinary majority may still be invalid if special quorum or consent is required.

Distinctions often confused

An extraordinary meeting is defined by its subject matter, not merely by the time at which it is convened.

Frequently asked questions

Can an extraordinary meeting amend any bylaw provision?
Only within mandatory law, protected rights and applicable enhanced consent requirements.
Does a bylaw amendment take effect upon the meeting or upon registration?
That depends on the act and whether one is considering internal effects or enforceability against third parties.

Informational content. It is not a substitute for professional advice.