Explain the following concept:Ordinary Resolution

1.	Explain the following concept:Ordinary Resolution
Answer» Ordinary Resolution (Section 114) A resolution that is passed by a simple majority i.e. 50% or more is called ordinary resolution. More than 50% of the votes should be in favour of the motion. An ordinary resolution need not be submitted to the Registrar of Companies. The notice of the meeting need not require to explain the particulars of an ordinary resolution. Example: Approval of Director’s report and Auditor report Alteration of share capital Declaration of dividend Approval of final accounts Election of director Appointment of Secretary, Auditor, etc.

Answer»

Ordinary Resolution (Section 114) A resolution that is passed by a simple majority i.e. 50% or more is called ordinary resolution. More than 50% of the votes should be in favour of the motion. An ordinary resolution need not be submitted to the Registrar of Companies. The notice of the meeting need not require to explain the particulars of an ordinary resolution.

Example:

Approval of Director’s report and Auditor report
Alteration of share capital
Declaration of dividend
Approval of final accounts
Election of director
Appointment of Secretary, Auditor, etc.

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Study the following case and express your opinion:Mr. P is elected as chairman of the General Meeting. Please advise him on the following matters:i. What should be done if the votes cast in favour and against the motion are equal?ii. How many votes can a member cast under the poll method?iii. What should Mr. P do if any point of order is raised by a member?
Complete the sentences.(i) A resolution passed by simple majority is called __________(ii) A special resolution, within 30 days of its passing must be filed with ________(iii) A representative of a member in a meeting is called ________
State whether the following statements are True or False.(i) Alteration can be done only by adding some new words.(ii) Point of Order is an objection raised by a member.(iii) Chairman can exercise casting votes in case of tie-in votes.(iv) A proxy cannot speak at the meeting.(v) Secrecy can be maintained under voting by the show of hands method.(vi) A proxy need not be a member of the company.
Complete the sentences.(i) A person who presides over the meeting is known as _________(ii) Agenda is sent along with __________(iii) Quorum for a private company is _________(iv) A person responsible for proper conduct and to maintain order in the meeting is ________(v) A motion which is changed due to amendment is called ________
Write a word or a term or a phrase that can substitute each of the following statements.(i) An alteration was proposed to the original motion.(ii) A motion which brings to the notice of the Chairman the irregularities at the meeting.(iii) A person appointed by a member to attend and vote at the meeting.(iv) An extra vote for the Chairman in case of tiein votes.
Find the odd one.(i) Ordinary, Resolution, Special Resolution, Formal Motion.(ii) Voting by voice, Voting by Ballot, Casting vote.(iii) Formal Motion, Substantive Motion, Resolution.(iv) Voting by Poll, Voting by show of hands, Virtual voting.(v) Bare Statement Agenda, Draft Minutes Agenda, Minutes.
Explain the kind of motion.
Justify the following statement:The proxy can not speak in the meeting.
Explain the powers and duties of the chairman.
Explain the essentials of notice of a meeting.

Explain the following concept:Ordinary Resolution

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