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- May 17, 2020 at 10:08 am
Hello
Can you help me understand the concept what makes an ordinary resolution and a special resolution?
May 17, 2020 at 5:59 pmThe clue is in the adjective
A special resolution relates to a matter that is outside the ordinary day to day matters of a company whereas …
… an ordinary resolution relates to ordinary everyday type of matters that face a company
By (quasi) statutory definition, a special resolution is passed by a majority of not less than 75% voting in favour of a resolution at a meeting of which not less than 14 days notice has been given specifying the resolution as a special resolution
An ordinary resolution is simply passed by a majority of votes in favour of the resolution
OK?
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