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21 or 28 days notice for special resolution.

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › 21 or 28 days notice for special resolution.

  • This topic has 3 replies, 2 voices, and was last updated 1 month ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • December 9, 2022 at 5:09 pm #674096
    Sacca22
    Participant
    • Topics: 28
    • Replies: 37
    • ☆☆

    The Kaplan text mentions you need 28 days notice to pass a special resolution.

    But on the acca website it mentions “There is no longer a requirement for 21 days’ notice where a special resolution is to be passed at a meeting”.

    https://www.accaglobal.com/in/en/student/exam-support-resources/fundamentals-exams-study-resources/f4/technical-articles/companies-act2006part1.html

    Would appreciate some clarification on this. Thank you!

    December 10, 2022 at 9:37 am #674156
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22705
    • ☆☆☆☆☆

    Are you sure that the Kaplan text ‘mentions you need 28 days’ notice to pass a special resolution.’?

    Not in my memory has there EVER been a 28 days’ notice period requirement for a special resolution

    I believe that you could well have misread the Kaplan text which, I imagine, could in fact state that the notice period for an ORDINARY RESOLUTION that requires SPECIAL NOTICE requires notice of 28 days to be given to the company by the person requesting the resolution and, in turn, the company will give 21 days’ notice of the resolution to the company’s members

    As the course notes state and as the link states, there is now no longer a requirement to give 21 days’ notice of the company’s intention to propose a special resolution. It USED to be the case that 21 days’ notice was required, but that is no longer the situation

    If I’m wrong in my guess that you have misread / misunderstood the Kaplan text, please do post again and I’ll try to resolve the issue for you

    OK?

    December 10, 2022 at 11:04 am #674162
    Sacca22
    Participant
    • Topics: 28
    • Replies: 37
    • ☆☆

    Hi Mike,

    Yes I did misread it! Thank you for clarifying that- The 28 days is required for a special NOTICE.

    December 11, 2022 at 8:02 am #674248
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22705
    • ☆☆☆☆☆

    I’m so pleased about that! 🙂

  • Author
    Posts
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