The court confirmed that the supervisory jurisdiction under s.411(4)(b) requires satisfaction of three matters: compliance with convening orders, attainment of statutory majorities, and that the scheme is capable of being approved by members. Where there is no opposition, shareholders are regarded as the best judges of their commercial advantage. The court has power under s.1319 to direct the time for return of proxies for court-ordered meetings, and dispensation from s.411(11) is appropriate for large listed public companies.
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