Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Notices for meetings
- This topic has 5 replies, 2 voices, and was last updated 7 years ago by MikeLittle.
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- May 26, 2016 at 8:17 pm #317326
Mike,
An a little confused on the different notices.There’s special resolution which is for change of name or articles requires 75% majority and 14 days notice
Ordinary resolution with 50 % majority and 14 days notice
Ordinary with special notice is 28 days to company and 21 days to members
I’m sure I’m missing a few but can’t work out what I’m missing.
Thank you soo much for your support and excellent lectures.
May 26, 2016 at 8:29 pm #317337A resolution that you don’t see very often in text books – a resolution to approve ordinary business typically transacted at an agm actually needs no notice period
“Ordinary with special notice is 28 days to company and 21 days to members” and 50% majority
Otherwise I think you’ve got them all
May 26, 2016 at 10:11 pm #317358Oh that’s it.
I’ve been confused on this for so long. And there’s only really 3 notices I need to remember.
I must be over thinking this oneThank you.
May 26, 2016 at 10:23 pm #317363You’re welcome
May 28, 2016 at 11:14 am #317692Agm is this ordinary business with 21 days notice ????
What’s the difference between ordinary business and ordinary resolution
Also a removal of an auditor is ordinary resolution with special notice (28 days 75% majority) does the same apply to the appointment of an auditor. And also a resignation of an auditor.
Sorry I know this has been covered in the lectures but I couldn’t find actually where it was in the lecture and my notices aren’t clear enough. You made it sound eas enough but I’m confused now.
Thank you again for you our support
May 28, 2016 at 11:35 am #317697“Agm is this ordinary business with 21 days notice ????”
I don’t understand your question but an AGM needs 21 days notice
The ordinary business that is normally conducted at an AGM needs no notice, but invariably is given notice in the notice sent to members telling them of the AGM that will shortly be taking place
“What’s the difference between ordinary business and ordinary resolution
Read the course notes!
Ordinary business is that business that can take place at an AGM without any notice being necessary
An ordinary resolution is a process undertaken to seek the approval of the company’s members abut various matters
“Also a removal of an auditor is ordinary resolution with special notice (28 days 75% majority) does the same apply to the appointment of an auditor.
No, the members are not even involved in the appointment of the company’s auditors. Appointment is done by the directors
“And also a resignation of an auditor.”
How can the members (or the directors) possibly be involved in a decision by the auditors to resign?
“Sorry I know this has been covered in the lectures but I couldn’t find actually where it was in the lecture and my notices aren’t clear enough. You made it sound eas enough but I’m confused now”
You couldn’t believe just how difficult some students find this chapter!
So don’t worry about it – it isn’t easy even though I may make it sound so
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