Resolutions - meetings and resolutions, Business Law and Ethics

Assignment Help:

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.


Related Discussions:- Resolutions - meetings and resolutions

Types of agents - agency law, Types of Agents - Agency Law Although br...

Types of Agents - Agency Law Although broadly agents are either special or might be general depending on the scope of authority.  Subsequently an agent engaged to carry a task

Unsecured trade creditors, Unsecured trade creditors: It refers to a "...

Unsecured trade creditors: It refers to a "class" of members or of creditors. Obviously if two or more companies are involved or if one company has two classes of shares, eg.

Terminate the contract of employment, QUESTION 1 In the exercise of its...

QUESTION 1 In the exercise of its disciplinary power an employer can terminate an employee's contract. Should an employer decide not to terminate the contract of employment, wh

Judicial and legislative function of chief justice, Judicial and Legislativ...

Judicial and Legislative Function of Chief Justice Judicial Function However a judge of the High Court and the court of Appeal he participates in the adjudicatory proce

Fundamentals of public health law, Fundamentals of Public Health Law T...

Fundamentals of Public Health Law The Honorable Art Vandelay has been a member of the U.S. Congress for 10 years, representing the 12th District in South Caledonia. Through hi

Types of contract - law of contract, Types of Contract - Law of Contrac...

Types of Contract - Law of Contract However common law of US relating to the contract classifies contracts with the following categories as; Specialty Contra

Disclaimer of assets, DISCLAIMER OF ASSETS: The liquidator has a statu...

DISCLAIMER OF ASSETS: The liquidator has a statutory right of disclaimer of assets: s.135.  The rules are: (a)     he must obtain leave of the court; (b)     the right o

Subsidiary legislation, SUBSIDIARY LEGISLATION: Moreover this is subor...

SUBSIDIARY LEGISLATION: Moreover this is subordinate or delegated indirect legislation. In fact section 2 of the Interpretation and General Provisions Act specified subsidi

Hirer requires information from the owner, Hirer Requires Information from ...

Hirer Requires Information from the Owner Conversely the hirer requires some information from the owner whether he should send him a written request so and then like pay to hi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd