Companies. [Ch. 31. No. 1.

114. (1) A corporation, whether a company within the
meaning of this Ordinance or not, may—

(a) if it is a member of another corporation, being a
company within the meaning of this Ordinance, by
resolution of its directors or other governing body
authorise such person as it thinks fit to act as its
representative at any meeting of the company or at
any meeting of any class of members of the company;

(b) if it is a creditor (including a holder of deben-
tures) of another corporation, being a company within
the meaning of this Ordinance, by resolution of its
directors or other governing body authorise such
person as it thinks fit to act as its representative at any
meeting of any creditors of the company held in
pursuance of this Ordinance or of any rules made
thereunder, or in pursuance of the provisions contained
in any debenture or trust deed, as the case may be.

(2) A person authorised as aforesaid shall be
entitled to exercise the same powers on behalf of the
corporation which he represents as that corporation could
exercise if it were an individual shareholder, creditor, or
holder of debentures, of that other company.

115. (1) A resolution shall be an extraordinary resolution
when it has been passed by a majority of not less than
three-fourths of such members as, being entitled so to do,
vote in person or, where proxies are allowed, by proxv, at a
gencral meeting of which notice specifying the intention to
propose the resolution as an extraordinary resolution has
been duly given.

(2) A resolution shall be a special resolution when it
has been passed by such a majority as is required for the
passing of an extraordinary resolution and at a general
meeting of which not less than twenty-one days’ notice,
specifying the intention to propose the resolution as a special
resolution, has been duly given:

Provided that, if all the members entitled to attend and
vote at any such meeting so agrce, a resolution may be
proposed and passed as a special resolution at a mecting of
which less than twenty-one days’ notice has been given.

(3) At any meeting at which an extraordinary
resolution or a special resolution is submitted to be passed, a

407

Represen-
tation of
companies
at meetings
of other
companies
and of
creditors.

Drovisions
as to extra-
ordinary and
special
resolutions.