Notice of meetings of members

(1) Subject to a requirement in the Memorandum or Articles to give longer notice, the directors shall give not less than 7 days’ notice of meetings of members to those persons whose names on the date the notice is given appear as members in the share register referred to in section 31 of this Act and are entitled to vote at the meeting. (2) Notwithstanding sub-section (1), and subject to any limitations in the Memorandum or Articles, a meeting of members held in contravention of the requirement to give notice is valid if members holding a majority of– (a) the total number of shares entitled to vote on all the matters to be considered at the meeting; or (b) the votes of each class or series of shares where members are entitled to vote thereon as a class or series together with an absolute majority of the remaining votes, International Business Companies[CAP. 270 61 have waived notice of the meeting; and, for this purpose, the presence of a member at the meeting shall be deemed to constitute a waiver on his part. (3) The inadvertent failure of the directors to give notice of a meeting to a member, or the fact that a member has not received the notice, does not invalidate the meeting.