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Describe the different types of resolutions which company may pass in the suitable matters required for each type of resolution. |
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Answer» A motion, with or without the amendments which is put to vote at a meeting and passed with the required quorum becomes resolution. Resolution may be classified into three types. They are: Ordinary resolution, Special resolution and resolution requiring special notice. (i) Ordinary Resolution: An ordinary resolution is one which can be passed by a simple majority. Ordinary Resolution is required for the following matters:
(ii) Special Resolution: A special resolution is the one which is passed by not less than 75% of majority. Special Resolution is required for the following matters:
(iii) Resolution requiring Special Notice: There are certain matters specified in the Companies Act, 2013 which may be discussed at a general meeting only if a special notice is given at least 14 days before the meeting. The following matters require special notice:
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