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Can anyone explain me?

Ankit Madhogarhia (Pursuing Final) (531 Points)

11 December 2009

Hey All,

I am pursuing PCC nd going to appear in may 2010 batch.I am doing self studies for business law nd following the Mr L Jayaraman material as there is no time for me to go through the institute material.I m not unuderstanding the word resolution in that.I am reading this word everywhere.can anyone explain what is the meaning of resolution,ordinary resolution,speecial resolution ?

Regards,

Ankit Kumar

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3 Replies

rahul agarwal (CA FINAL STUDENT) (134 Points)
Replied 11 December 2009

HI Ankit , you are on a right way.Go on what u r doing.... Resolution - Company has to resolve diff matters and had to take decisions so for this it had to to take permission of shareholders so you can simmply understand it as a decision which is accepted by shareholders ,called as resolution. ordinary Resolution is that in which only 50%(no. of shareholders) approval is sufficient to take decision by the shareholders special resolution is that in which 2/3rd(no. shareholders) approval is required to pass the decision . there is list of sections in companies act which requires an ordinary resolution / special resolution