Resolutions under companies act 1956

CA Manish (Job) (5264 Points)

28 September 2012  

Resolutions under Companies Act 1956

A: ITEMS REQUIRING SPECIAL RESOLUTION

    SECTIONS                                                                        SUBJECT              

        16                               Alteration of condition of memorandum                                                  

        17                               Change of registered office or objects clause in memorandum

        21                               Change of name

        31                               Alteration of articles

        81(1A)                           Issue of further shares to persons other than holders of equity shares.

        99                               Conversion into Reserve Capital

      100                               Reduction of Capital

      146                               Removal of registered office outside the local limits.

      149                               Commencement of new business

      163                               Keeping Registrar of members at a place other than registered office.

      208                               Payment of interest out of capital.

      224A                                Appointment of auditors where 25% or more subscribed share capital is held by                                                               certain specified Govt. Instrumentalities.

      237                              Investigation of affairs of the company

      294AA (3)                      Appointment of Sole Selling Agent if the paid up capital of the company is Rs 50                                                                Lacs or more.

      309 (1)                          Payment of remuneration to directors, if required by articles.

     309 (4)                             Payment of remuneration by way of commission to non – executive directors.

      314 (1)                            Appointment of directors, relatives, etc at office or place of profit.           

      314 (1B)                          Appointment of partner, relatives, etc of directors at office or place of profit.                             

      323                              Making liabilities of directors or manager unlimited.

      372A                                Power to make inter corporate loan, investment, guarantee and security                                                             exceeding the limit given u/s 372A.

      433                               Winding up by court

      484                                Voluntary winding up

      494                                Authorizing liquidator to accept shares etc. as consideration for sale of                                                                     company’s property

      512                                Exercise of certain powers by liquidators in winding up by court

      517                               Approval of arrangement with creditors

      546                              Exercise of certain powers by liquidator in voluntary winding up

      550                               Disposal of Books and papers upon winding up.

 

 

B. RESOLUTIONS REQUIRING SPECIAL NOTICE

 224 (5)                                 Appointment of auditor in place of first auditors removed at a general meeting.

 225                                    Appointment as auditor a person other than a retiring auditor.

 225                                        Resolution providing expressly that a retiring auditor shall not be reappointed.

 284                                    Removal of a director before expiry of his period of his office.

 284                                    Appointment of a director ( in place of a director removed before the expiry of                                                     his period of office at the meeting at which  director is removed.

 

C. ITEMS REQUIRING ORDINARY RESOLUTIONS

      22                                  Rectification of company’s name

      61                                 Variation of terms of contract mentioned in prospectus or statement in lieu of                                                       prospectus.

      79                                 Issue of shares at discount.

      81(1A)                             Issue of further shares with Government’s consent where special resolution                                                     is not passed.

      94                                Alteration of capital.

      32 and 98                    Reserve liability upon conversion into a limited company.

      121                             Cancellation of redeemed debentures superseding the power of the Board to                                                     keep them alive.

      205                               Declaration of Dividends   

      214                               Authorization of holding company to inspect books of accounts of subsidiary.

      224 (1)                            To appoint Auditors and fix their remuneration.

  1. (2)                             *    Appointment, as auditor, of a person other than the retiring auditor.
  • Providing expressly that the retiring auditor shall not be reappointed.

     224 (5)                             To remove 1st Auditor and appoint another auditor in his place.

     224 (6)                             Filling of casual vacancy caused by resignation of auditor.

     228 (3)                             Audit of accounts of branch office by a person other than company’s auditor.

     252                                    Appointment of Small Shareholder’s director.

      255                               Appointment of directors – (one third-) where articles do not make provision.

      256                               To reappoint the director retiring at AGM.

      257                                   To appoint as a director a person who is not a retiring director.

      258                                Increase or reduction of directors within the limits fixed by articles

      284                                Increase or reduction of directors and appointment of another in his place

      292 (5)                          Restrictions on exercise of certain powers.

      293(1) (a)                     Sale of undertaking

      293(1) (b)                      To extend time for repayment of any debt due by a director.

      293(1) (c)                      Investment of compensation received in respect of compulsory acquisition.

      293(1) (d)                     Borrowing in excess of paid-up capital and free reserves

      293(1) (e)                    Contributing to charitable and other funds if amounts exceeds Rs 50000/- or                                                         5% of avg net profits of last three years.

     294                                Approval of appointment of sole selling agents.

     309                                Remuneration of Managerial Person.

    313                                 Appointment of alternate directors in the absence of power in articles.

   383A                                appointment of the secretary for the company.

484                                    Voluntary winding up of chairman.

490                                  Appointment and fixation of remuneration of liquidators in a members                                                                    voluntary winding up .

491                                      Authorising directors to exercise certain powers after appointment of                                                                      liquidators.

497                                   Final meeting and dissolution in voluntary winding up.

502                                    Nomination of Liquidator

503                                    Appointment of committee of inspection in a creditors voluntary winding up

508                                     Liquidator to call a general meeting every year in creditor’s winding up.

509                                         Consideration and approval of accounts laid by lquidator.