Section 164 - Application of provisions on general meetings to class meetings

(1) The provisions on general meetings in accordance with section 163 and the provisions of the Eighth Schedule apply to meetings of a class of members in like manner as they apply to general meetings of companies, but the necessary quorum shall be as set out in subsection (2) and a member of the class present in person or by proxy may demand a poll.

(2) At a meeting of a class of members, the necessary quorum shall be,

(a) if there are not more than two members of that class, one member present in person or by proxy; or

(b) in any other case, two members, present in person or by proxy, holding not less than one-third of the total voting rights of that class.

(3) The constitution of a company may provide for a larger, but not for a smaller quorum for the purposes of subsection (2).