Re Veda Group Ltd

Veda Group Limited applied for an order convening a meeting of its members to consider a proposed scheme of arrangement. The scheme involved the acquisition of all shares in Veda Group Limited by an entity controlled by certain members of the company. The court was required to decide whether the company should be ordered to convene a meeting of its members to consider the proposed scheme of arrangement, and if so, what form the convening order should take. The court considered the legal requirements for convening a meeting of members under the Corporations Act 2001 and the Federal Court (Corporations) Rules 2000. The court found that the company had met the legal requirements for convening the meeting, including the preparation of a scheme booklet and the verification of the statements of fact contained within it. The court also considered the practical arrangements for convening the meeting, including the dispatch of the scheme booklet to members and the appointment of a chairman. The court concluded that the convening order should be made in the terms requested by the company, and granted the order accordingly. The orders included provisions for the convening and holding of the meeting, the dispatch of the scheme booklet to members, the appointment of a chairman, and the publication of a notice of hearing.