What needs a special resolution?
Special resolutions – also known as ‘extraordinary resolutions’ – are needed for more important decisions or those decisions affecting the constitution of a company. These require at least 75% of the shareholders or directors to agree – and in some situations as much as 95%.
What is meant by special resolution?
Special Resolution means a resolution passed by a majority of not less than two-thirds of the votes cast by the shareholders who voted in respect of that resolution or signed by all the shareholders entitled to vote on that resolution.
Does Rule 26 FRCP require a discovery planning conference?
Rule 26(f) discovery conferences are the foundation of discovery practice in federal litigation. Rule 26(f) requires parties in litigation to meet and “confer as soon as practicable . . .
What are the requirements for a special resolution?
On a written resolution, a majority of not less than 75% if it is passed by members representing not less than 75% of the total voting rights of eligible members ( section 283 (2), Companies Act 2006 ). Special resolutions are required, among other things, to alter the articles of association for a company.
What are special resolutions under Companies Act 2013?
List of Special Resolutions under Companies Act 2013 1 For Entrenchment. 2 Change Registered Office. 3 Alter Memorandum of Association (MOA) A company have to pass SR in GM to alter the provisions contained in the Memorandum of Association (MOA) of the company. 4 Change Objects of Company.
What happens if a company passes a special resolution?
By passing by a special resolution, a company may file an application to the Registrar for removing the name of the company from the register of companies on all or any of the grounds specified in sub-section (1) of Section 248 of the Companies Act, 2013. [Refer Section 248 (2)]
Do you need to lodge special resolution under Section 33?
In addition, the company must lodge that special resolution under section 33 in accordance with the timelines stipulated therein, and is not required to lodge the special resolution under section 26. The Registrar’s Interpretation is available from the ACRA website www.acra.gov.sg by clicking here.