Under the private company's short notice procedure, what minimum percentage of the nominal value of voting shares must the consent form cover?

Under the private company's short notice procedure, what minimum percentage of the nominal value of voting shares must the consent form cover?

• A. 60%
• B. 75%
• C. 90%
• D. 100%

Answer: (C)

In private companies, you can hold a general meeting on shorter notice if the people who hold voting shares give their written consent to shorten the notice period. The minimum share of voting rights that must be covered by that consent form is 90% of the nominal value of the voting shares. This high threshold ensures there is broad agreement among shareholders before skipping a longer notice, while still allowing flexibility when most shareholders are aligned. If fewer than 90% agreed, the normal notice period applies. This mechanism is specific to private companies and aims to balance efficiency with protection for minority interests.

In private companies, you can hold a general meeting on shorter notice if the people who hold voting shares give their written consent to shorten the notice period. The minimum share of voting rights that must be covered by that consent form is 90% of the nominal value of the voting shares. This high threshold ensures there is broad agreement among shareholders before skipping a longer notice, while still allowing flexibility when most shareholders are aligned. If fewer than 90% agreed, the normal notice period applies. This mechanism is specific to private companies and aims to balance efficiency with protection for minority interests.