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when company pass ordinary resolution
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Answer / mita rungta
COMPANY WILL PASS O.R. IN CASE OF ORDINARY BUSINESS
I.E. APPOINTMENT OF AUDITOR , PAYMENT OF DIVIDEND
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Answer / saketh ram
In business or commercial law in certain common law jurisdictions, an ordinary resolution is a resolution passed by the shareholders of a company by a simple or bare majority (for example more than 50% of the vote) either at a convened meeting of shareholders or by circulating a resolution for signature. A special resolution by comparison requires a greater vote threshold, which varies in different jurisdictions.
An ordinary resolution is the most common method by which a corporate entity conducts its business or the Board of directors seeks shareholder approval of its actions.
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An item is a put before the members of company in the form of proposal if it is approved by majority it becomes a resolution.ordinary resolution should be 51% majority to pass the decision.
for special resolution morethan 75% Majority required for mergers n auisition.
| Is This Answer Correct ? | 0 Yes | 0 No |
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