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

Contractual capacity of persons of unsound mind, Contractual Capacity of Pe...

Contractual Capacity of Persons of Unsound Mind Furthermore a contract entered into through a person of unsound mind is voidable on his option whether it is proved that the ot

Recognition of disputes, Recognition of disputes Recognition of dispute...

Recognition of disputes Recognition of disputes relates to a State not recognizing a certain dispute. However, if the whole world acknowledges a certain dispute then it is nece

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

Essay on Legal Change, Identify and explain any legal changes which had res...

Identify and explain any legal changes which had resulted from Economic changes, Changes in our moral values and Political changes

Implied powers rule, Implied powers rule: The courts would regard such...

Implied powers rule: The courts would regard such things as impliedly within the company's powers unless they are "expressly prohibited" by the memorandum. The range of transa

What is the procedure for setting up a company, Question a) What is a...

Question a) What is a company? b) The Companies Act 2001, there shall be a Registrar of Companies. What are the functions of the Registrar? c) What is the procedure fo

Appointment of arbitrators, Appointment of Arbitrators However under s...

Appointment of Arbitrators However under sec 12(1) the parties are free just for agree on the procedure of appointing arbitrators. Therefore under sec 31(1) the parties are

Hire-purchase law, Hire-Purchase Law A person who wants to buy goods t...

Hire-Purchase Law A person who wants to buy goods through does not have the like "money consideration" prescribed through the Sale of Goods Act like their price may enter in a

Ex-ship contracts - import and export trade, Ex-Ship Contracts - Import and...

Ex-Ship Contracts - Import and Export Trade Therefore whether goods are sold ex ship, such the duties of the seller are-like; (i) To deliver the goods to the buyer from suc

Explain articles of universal declaration of human rights, Explain Articles...

Explain Articles of Universal Declaration of Human Rights i. Preamble: 'Whereas recognition of the inherent dignity and of the equivalent and inalienable rights of all  membe

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