The Companies Act recognises the following three types of resolutions: 1. Ordinary Resolution 2. Special Resolution 3. Resolutions Requiring Special Notice. Type # 1. Ordinary Resolution: An ordinary resolution is that which is passed by a simple majority at any general meeting of the shareholders. The resolution may be passed by a show of hands or by a poll. A [...]
After reading this article you will learn about:- 1. Meaning and Definition of Company Meeting 2. Characteristics of a Company Meeting 3. One-Man Meeting 4. Kinds. Meaning and Definition of Company Meeting: The word "meeting" is not defined anywhere in the Companies Act. Ordinarily, a company may be defined as gathering, assembling or coming together of two or more persons [...]
Directors in the company may be appointed in the following ways: 1. By Signatures to the Memorandum 2. By Company in the General Meeting 3. By Board of Directors 4. By Third Parties 5. By Proportional Representation 6. By the Central Government. Way # 1. Appointment of Directors by Signatures to the Memorandum: (Sec. 254 and Clause 64 of Table [...]