Can u please tell me what are the matters which are approved through ordinary resolution and moreiver when does the special notice is required
It would be easier to identify those matters which require a special resolution. Ordinary resolutions are for when the company is seeking the approval / authority of the majority of its members to enter a transaction or pursue a chosen strategy.
Special notice is required for just six ORDINARY RESOLUTIONS – it is never required for any other type of resolution. A simple majority is required to vote in favour of these resolutions to no special majority is required. But they DO require a length of notice which is rather special – they need 28 days’ notice given to the company’s registered office and then the company has to give notice of the proposed resolution to be heard at a general meeting of which 21 days’ notice shall be given to the members.
Types of resolution requiring this special notice?
These are the two to remember:
Remove a director from office before his / her contract expires
Remove an auditor from that position mid-way through his / her year of office
Appoint / reappoint a director aged 70 to the board of a public company
Appoint as auditor someone other than the retiring auditor
Appoint an auditor to fill a casual vacancy in the position of auditor
Confirm in appointment an auditor appointed in the mid-term by the directors to fill a casual vacancy
Hope that helps
thank you Sir ths is really helpful
You’re welcome – and good luck next week
You must be logged in to reply to this topic.