If a special or ordinary resolution has to be passed at the AGM, who passes it?
The Board or Directors or the shareholders? or both?
3 Replies
Chirag
(Professional)
(1979 Points)
Replied 17 May 2018
shareholders will pass ordinary /special resolution on items/matters as recommended or included in notice calling AGM/EGM ,Board pass their resolution at duly convened meeting or through resolution either with general majority /unanimously.
Llewellyn
(Director)
(30 Points)
Replied 17 May 2018
So the sharholders sign the resolution passed at the AGM?
Chirag
(Professional)
(1979 Points)
Replied 17 May 2018
they approve resolution by casting vote in proportion to their holding in total paid up capital ,either in favour or against the resolution ...and such is maintained in minute book of the company duly authenticated by chairman ,if there is evoting /postal ballot then company shall appoint scrutinizer who shall submit report on voting results ....
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