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Quorum of General Meetings.
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19.—(1) As from the date of the passing of this Act the quorum of a General Meeting of shareholders shall consist of shareholders to the number of not less than ten present in person or by proxy and holding in the aggregate shares of nominal value of not less than one hundred pounds Provided that in the case of an Extraordinary Meeting there shall not be a quorum unless the shareholders present in person or by proxy hold in the aggregate shares of nominal value of not less than two thousand pounds.
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