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Resolutions

Forums › ACCA Forums › ACCA LW Corporate and Business Law Forums › Resolutions

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
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  • March 28, 2018 at 9:48 pm #444053
    shahmir101
    Member
    • Topics: 14
    • Replies: 4
    • ☆

    I had a question about the different types of resolution, what purpose do each of these serve?

    1. Ordinary Resolution
    2. Ordinary Resoulution with special notice
    3. Special Resolution
    4. Special Resolution with special notice

    Thanks!

    April 4, 2018 at 8:03 am #444937
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    Ordinary resolutions authorise the directors to take actions that simply require the shareholders’ approval

    Ordinary resolutions are required for 5 reasons only the major two of which are the removal of the auditor before the end of the year of office and the removal of a director before the annual general meeting

    Special resolutions are those that are required for ‘unusual’ circumstances, again giving the directors the authority to pursue some action that lies beyond ‘normal’

    Special resolution with special notice? There is no such beast!

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