Question

Explain the various types of resolutions.

Answer 1

Types of resolutions:-

==> Ordinary resolutions:- An ordinary resolution is one passed at a properly convened meeting of the corporation by a simple majority of the votes of unit holders present and voting on the resolution.

==> Special resolutions:- Special resolutions must be proposed by at least 14 days written notice to all unit holders, including the terms of the proposed resolution and the reasons for the proposed resolution.

==> Unanimous resolutions:- A unanimous resolution is the same as a special resolution but passed without any dissenting vote, that is nobody must vote against the resolution.

Answer 2

There are three types of resolutions available to a limited company shareholders :
Ordinary resolutions : Passed by a simple majority shareholders' votes.
Special resolutions : Passed by a 75% majority of shareholders' votes in a general meeting.
Written resolutions : Used when a general meeting is not required to pass an ordinary resolution or special resolution.
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