Ordinary and special resolutions Section 114 of the Companies Act 2013



Posted on 17-04-2016        By ADMIN



Ordinary and special resolutions- Section 114 of the Companies Act, 2013 provides that a resolution shall be an ordinary resolution if the notice required under this Act has been duly given and it is required to be passed by the votes cast (whether on a show of hands, or electronically or on a poll) in favour of the resolution, including the casting vote, (Chairman) by members who vote in person, or where proxies are allowed, by proxy or by postal ballot, exceed the votes cast against the resolution by members. 

A resolution shall be a special resolution when it is duly specified in the notice calling the general meeting and the votes cast in favour of the resolution (whether on a show of hands, or electronically or on a poll) by members who vote in person or by proxy or by postal ballot are required to be not less than three times the number of the votes cast against the resolution by members. 




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