Section 201Q — Corporations Act 2001 (Cth)

The statement accompanying the notice of a general meeting stating an intention to propose the board limit resolution must be in writing and set out clearly, concisely and effectively:

(a) the directors’ reasons for proposing the board limit resolution; and

(b) all other information that:

(i) is reasonably required by members in order to decide whether or not it is in the company’s interests to pass the proposed board limit resolution; and

(ii) is known to the company or to any of its directors.

Note: Section 1309 creates offences where false and misleading material relating to a corporation’s affairs is made available or furnished to members.

Related sections

• s 201M — Effectiveness of acts by directors
• s 201N — Application of Subdivision
• s 201P — Directors must not set board limit unless proposed limit has been approved by general meeting
• s 201R — Records of voting on board limit resolution if poll required
• s 201S — Notice of resolution to be lodged
• s 201T — Declaration by court of substantial compliance

Research how courts apply s 201Q

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