Resolutions - meetings and resolutions, Business Law and Ethics

Resolutions:

A meeting reaches a decision by passing a resolution.  There are two kinds of resolution, ie.

(a) an ordinary resolution which is carried by a simple majority of votes cast.  Where no other kind of resolution is specified "resolution" means an ordinary resolution; and

(b) a special resolution which requires both a three-quarters majority of votes cast and 21 days notice: (s.142).

Apart from the utilized size of the majority and period of notice the main differences between the types of resolution are:

A. the text of individual resolutions must be set out in full in the notice convening the meeting (and it must be described as special resolution): CA s.142.  This is not necessary for an ordinary resolution if it is ordinary business; and

B. a signed copy of every special resolution (and equivalent decisions by unanimous consent of members) must be delivered to the registrar for filing.  Some ordinary resolutions, particularly those relating to share capital, have to be delivered for filing but many do not.

Posted Date: 1/12/2013 5:48:34 AM | Location : United States







Related Discussions:- Resolutions - meetings and resolutions, Assignment Help, Ask Question on Resolutions - meetings and resolutions, Get Answer, Expert's Help, Resolutions - meetings and resolutions Discussions

Write discussion on Resolutions - meetings and resolutions
Your posts are moderated
Related Questions
Former Assistant Treasurer Bill Shorten has cited estimates, based on ATO expertise, that there are 6,000 phoenix operators in Australia. It is recognised that this estimate is a ‘

Benefits of non-accepting shareholders: The minority whose shares are acquired compulsory under s.210 are entitled to all the benefits included in the original offer and accep

What are the disadvantages of doctrine of judicial precedent? Disadvantages of doctrine of judicial precedent: • Overtime here has been a huge number of cases, makes this ve

COMMENCEMENT: However section 46(4) of the constitution offers that like, a law made through Parliament shall not come in operation whether it has been published in the Englan

RESERVE CAPITAL: The reserve capital is defined by S.62 of the Act as the portion of the issued but uncalled capital of a limited company which the company's members, by speci

This is a felon in possession of a firearm case. The defendant and his wife were involved in an argument. The argument became heated enough that the wife called the police through

Enumerate about the short-run Phillips curve Diagrammatically the short-run Phillips curve becomes flatter under coordination as opposed to no coordination. If one country expa

Define the committee stage as parliamentary procedures. Committee Stage: Now the Bill is discussed and amended in detail through a committee made up of representatives in

what is void contract

Name the Types of  state  immunity The state  immunity  is  categorized  into  two:  A) Absolute  immunity   B) Restrictive immunity.