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Special Business

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Special Business

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by AvatarMikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • July 16, 2015 at 1:37 pm #260910
    AvatarChloe
    Member
    • Topics: 95
    • Replies: 243
    • ☆☆☆

    This is in the Global notes, I believe that this falls under an ordinary resolution.
    However I am unsure as to what you would class as special business.
    I have two examples from one of your questions in the mock test:

    re-appointment of a director who passed her 72nd birthday last March

    appointment of a new, different firm of auditors

    Are there anymore examples that I need to be aware of?

    Also this specific question refers to a public company’s AGM. Does the same apply for a private company/partnership? Can these decisions be passed at a general meeting as well as the annual?

    Thanks

    July 16, 2015 at 2:21 pm #260918
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    The annual general meeting IS a general meeting – hence the name.

    Resolutions can be passed at any general meeting of the company to which all shareholders are invited

    “Special business is any business that isn’t ordinary business” so if you look at the course notes for meetings and resolutions you’ll find the list of matters designated as “ordinary business” and anything else is therefore “special business”

    Ok?

    July 16, 2015 at 2:59 pm #260930
    AvatarChloe
    Member
    • Topics: 95
    • Replies: 243
    • ☆☆☆

    Oh I see! That is simple enough to do. Thanks for making this clear.

    July 16, 2015 at 3:33 pm #260934
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    You’re welcome

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