(1) In the case of an
Investment Trust, the quorum at a meeting of Unitholders is the Unitholders present in person or by proxy or, in the case of a body corporate, by a duly authorised representative, of one-tenth in value or any proportion more than one-tenth in value specified for this purpose in the Trust Deed of all the Units in issue.
(2) In the case of an
Investment Company, the quorum at a meeting of Unitholders is two Unitholders, present in Person or by proxy or, in the case of a Body Corporate, by a duly authorised representative.
(3) Business must not be transacted at any meeting unless the requisite quorum is present at the commencement of business.
(4) If within half an hour from the time appointed for the meeting, a quorum is not present, the meeting:
(a) if convened on the requisition or request of
Unitholders, must be dissolved; and
(b) if any other case, must stand adjourned to:
(i) a day and time which is seven or more days after the day and time of the meeting; and
(ii) a place to be appointed by the chairman if a chairman has been appointed in accordance with the
Constitution or otherwise by the Operator.
(5) If, at an adjourned meeting under (4)(b), a quorum is not present within 15 minutes from the time appointed for the meeting, one person entitled to be counted in a quorum present at the meeting is a quorum.
(6) Notice of any adjourned meeting of
Unitholders must be given to Unitholders. That notice must state that one or more Unitholders present at the adjourned meeting whatever their number and whatever the number of Units held by that Unitholder or Unitholders will form a quorum.
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]