Question
Which of the following best describes the difference between an ordinary resolution and a special resolution? a. An ordinary resolution is a decision of the
Which of the following best describes the difference between an ordinary resolution and a special resolution?
a. An ordinary resolution is a decision of the company which is passed (ie agreed to) by at least 50% of shareholders, whereas a special resolution is a decision which is passed (ie agreed to) by more than 75% of shareholders.
b. An ordinary resolution is a decision of the company which is passed (ie agreed to) by more than 50% of shareholders, whereas a special resolution is a decision which is passed (ie agreed to) at least 75% of shareholders.
c. Both are formal decisions of a company which need to be passed by at least 50% of shareholders. However, an ordinary resolution covers normal business decisions that are governed by the internal management rules, whereas a special resolution is needed for certain important decisions such as a takeover or acquisition.
d. An ordinary resolution is a decision of the company which passed (ie agreed to) by more than 50% of shareholders, whereas a special resolution is a decision which is passed (ie agreed to) by at least 50% of directors.
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Morality And The Law
Authors: Roslyn Muraskin, Matthew Muraskin
1st Edition
013916958X, 9780139169588
