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Section 59

The provisions under Subdivisions 5 and 6 of Division 5 of Part

of Interest Schemes Act 2016

ActIn forceProvision 59 of 92
Section 59

III of the Companies Act 2016, in relation to a company limited by shares, shall apply to procedures of meeting and proxies with the following modifications:

Interest Schemes

71

(a)

references to “company” shall be construed as references to “management company”;

(b)

references to “constitution” shall be construed as references to “trust deed” or “contractual agreement”;

and

(c)

references to “member” shall be construed as references to “interest holders”.

Read in full context — Interest Schemes Act 2016 →