Under the Companies Act, 2013, company meetings are categorized into two types: Ordinary Business and Special Business. A resolution is a formal agreement made by a company's members during a meeting. These agreements are crucial decisions that guide the company's actions. In the Companies Act, 2013, two distinct types of resolutions are discussed: Ordinary and Special resolutions.Ordinary Business
Special Business
Resolutions in Business
Ordinary Resolution
Special Resolutions
Difference Between Ordinary Resolutions and Special Resolutions
Aspect Ordinary Resolution Special Resolution Nature of Business Regular and routine business matters. Matters that have a significant impact on the company's structure or finances. Examples of Matters Routine matters: Significant matters: Majority Vote Required Simple majority (more than 50% of votes in favor). Supermajority (at least 75% of votes in favor). Impact on Company Decisions that are part of regular business operations. Decisions that involve significant changes or commitments for the company. Decision-making Approach More common and straightforward. Requires careful consideration and planning due to the higher majority requirement.
Comprehensive Overview of Ordinary and Special Business in Companies Act, 2013 (2024)
Table of Contents
Ordinary Business
Special Business
Resolutions in Business
Ordinary Resolution
Special Resolutions
Difference Between Ordinary Resolutions and Special Resolutions
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