Annual general meetings and special meetings

(1) Every credit union shall hold an annual general meeting of its members in addition to any other meetings in that year, within sixty-one days of the end of the fiscal year. (2) If it is impracticable to call an annual or special general meeting of a credit union in the manner provided by this Act or the by-laws, the Registrar may, on application to him stating the circumstances prescribe the manner of calling the meeting. (3) If default is made in the holding of a meeting of a credit union in accordance with sub-section (1), the Registrar may, of his own motion, and shall on the application of fifteen (15) per cent of the members or twenty-five (25) members, whichever is less, of that credit union, call, or direct the calling of, a general meeting of the credit union, and give such ancillary or consequential directions as he may think expedient, in relation to the calling, the holding and conducting of the meeting, the operation of the credit union’s by-laws, and the number of members that shall constitute a quorum for such meeting. (4) The Registrar may at any time call a special meeting of the credit union for the purpose of reporting to the members the results of any audit or other examination or investigation of the affairs of the credit union ordered or made by him or her.