136.
| (1) It shall be the duty of a company, on the requisition in writing of such number of members as is hereinafter specified and (unless the company otherwise resolves) at the expense of the requisitionists
| | (a) to give to members of the company entitled to receive notice of the next annual general meeting notice of any resolution which may properly be moved and is intended to be moved at that meeting; | | |
| | (b) to circulate to members entitled to have notice of any general meeting sent to them any statement with respect to the matter referred to in any proposed resolution or the business to be dealt with at that meeting. | | |
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| (2) The number of members necessary for a requisition under the provisions of subsection (1) shall be
| | (a) any number of members representing not less than one-twentieth of the total voting rights of all the members having at the date of the requisition a right to vote at the meeting to which the requisition relates; or | | |
| | (b) not less than fifty members holding shares in the company on which there has been paid up an average sum, per member, of not less than one thousand rupees. | | |
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| (3) Notice of any such resolution shall be given, and any such statement shall be circulated, to members of the company entitled to have notice of the meeting sent to them by serving a copy of the resolution or statement on each such member in any manner permitted for service of notice of the meeting, and notice of any such resolution shall be given to any other member of the company by giving notice of the general effect of the resolution in any manner permitted for giving him notice of meetings of the company : |
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| (4) A company shall not be bound under-the provisions of this section to give notice of any resolution or to circulate any statement unless
| | (a) a copy of the requisition signed by the requisitionists (or two or more copies which between them contain the signatures of all the requisitionists) is deposited at the registered office of the company
| | | (i) in the case of a requisition requiring notice of a resolution, not less, than six weeks before the date of the meeting ; and |
| (ii) in the case of any other requisition, not less than one week before the meeting; and |
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| | (b) there is deposited or tendered with the requisition a sum reasonably sufficient to meet the company's expenses in giving effect thereto : | | |
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| (5) The company shall not be bound under the provisions of this section to circulate any statement, if, on the application either of the company or of any other person who claims to be aggrieved, the court is satisfied that the rights conferred by the provisions of this section are being abused to secure unnecessary publicity for defamatory matter ; and the court may order the company's costs on an application made under the provisions of this section to be paid in whole or in part by the requisitionists, notwithstanding that they are not parties to the application. |
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| (6) Notwithstanding anything in the company's articles, the business which may be dealt with at an annual general meeting shall include any resolution of which notice is given in accordance with the provisions of this section, and for the purposes of this subsection notice shall be deemed to have been so given notwithstanding the accidental omission, of giving such notice to one or more members. |
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| (7) Where any default is made in complying with the provisions of this section, every officer of the company who is in default shall be guilty of an offence and shall be liable to a fine not exceeding five thousand rupees. |
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Sri Lanka Consolidated Acts