when company pass ordinary resolution
Answers were Sorted based on User's Feedback
Answer / mita rungta
COMPANY WILL PASS O.R. IN CASE OF ORDINARY BUSINESS
I.E. APPOINTMENT OF AUDITOR , PAYMENT OF DIVIDEND
Is This Answer Correct ? | 23 Yes | 2 No |
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.
Is This Answer Correct ? | 3 Yes | 3 No |
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 |
what is one way , two way matching , three way , four way matching ?
What are the uses of journal in accounting?
How entry of Dues bills [in which account] in Tally ?
how to assign the cost center to GL Account in SAP (FICO)
Original cost = Rs 1,26,000. Salvage value = 6,000. Useful Life = 6 years. Annual depreciation under SLM will be (a) Rs.21,000 (b) Rs.20,000 (c) Rs.15,000 (d) Rs.14,000
What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?
Why TDS not Deducted on Service tax amount of Rent.
What is the three golden rules in Accounts ?
how we enter insurance claim entry in tally
What is the difference between trial balance and general ledger?
4. Operating Assets: $ 100,000 Operating Income: $ 18,000 What would be the rate of Return on Investment (ROI)?
Is the shadow balance present in bank account always credited or bank may reverse it as well?