Sunday, December 16, 2018

How and in which meeting a special Resolution of a Company is passed?

Special resolution:

This is passed in a General Meeting by the three-fourth majority of the members present in person or by proxy where proxy is allowed. Notice for which 21 days specifying the-intention to propose the resolution is to be given before the date of the meeting. Special resolutions are necessary for the following purposes:
 
i. To change the name of the Company;
ii. To alter the Memorandum of Association;
iii. To alter the Articles of Association;
iv. To reduce the share capital;
v. To convert any portion of the capital, uncalled in to reserve capital;
vi. To appoint inspectors to investigate the company's own affairs;
vii. For winding-up of a Company voluntarily.
viii. To pay interest out of capital for raising money to meet expenses of construction work;
ix. To convert public limited company to private limited company.

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