Question 15 of 33
Q.Give any three cases in which an ordinary resolution need to be passed.
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2020Subjective· 3mImportance★★★★★
45% · 15/33 Questions
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Start your 14-day free trial to unlock the full solution →An ordinary resolution needs only a simple majority; three cases are adoption of accounts, declaration of dividend, and appointment of auditors.
An ordinary resolution is one that is passed when the votes cast in favour exceed the votes cast against — i.e. by a simple majority of members present and voting. It is used for the ordinary, routine business of the company. Any three cases in which it is required are:
- Adoption of financial statements – approving the audited annual accounts and the Board's report at the AGM.
- Declaration of dividend – approving the dividend recommended by the Board.
- Appointment of auditors and fixing their remuneration – appointing or re-appointing the company's auditors. …
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