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

Compulsory change - change of name , Compulsory Change: Section 20(2) ...

Compulsory Change: Section 20(2) of the Act provides that within six months of registration with a particular name the registrar may direct a change in name if in his opinion

Assignment of share in partnership, Assignment of Share in Partnership ...

Assignment of Share in Partnership Whereas as has been stated, never new partner may be bring in without the consent of all other partners as well like accordingly no partner

What is zone refining, Q. What is Zone Refining? This method is used to...

Q. What is Zone Refining? This method is used to obtain metals of very high purity. The basic principle involved in this process is similar to fractional crystallisation. A sma

C.i.f. contacts - import and export trade, C.I.F. Contacts - Import and Exp...

C.I.F. Contacts - Import and Export Trade Therefore a c.i.f. like cost, insurance else freight whether contract is a contract for the sale of goods for be performed through the

Legislation and legislative functions, Question : This is an extract of...

Question : This is an extract of the Mauritian Patents, Industrial Design and Trademarks Act 2002. 12. Patentable inventions (1) An invention shall be patentable under

Implied powers, Implied Powers:                                     Th...

Implied Powers:                                     The statement of Lord Cairns in 1875 in Ashbury Rail Co Ltd v Riche (22) to the effect that a contract beyond the objects o

Statutory task force on phoenix activity, Q. Statutory task force on phoeni...

Q. Statutory task force on phoenix activity? A long term option could be the establishment of a statutory task force on phoenix activity. This could be supported by all the rel

Void contracts, Void Contracts - Law of Contract However these are con...

Void Contracts - Law of Contract However these are contracts which the law treats as non-existent.  Thus as a general rule illegal contract is only void although not certain r

Define and explain the term code of ethics, Question 1: (a) What does ...

Question 1: (a) What does Professional Practice mean to you? Define your perception of good Professional Practices. (b) Discuss some of the difficulties and challenges fac

Ethical and professional requirements, It has been said that "auditors cann...

It has been said that "auditors cannot legitimately serve the 'user' public because they are hired and fired by the management of the company being audited. If management does not

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