similarities between ordinary resolution and special resolution
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Answer:
Ordinary resolution passed by the numbers of the company by a bare majority. while in special resolution it is affirm by four three majority by the company members.
An Ordinary Resolution handles the standard actions typically associated with running a business. In effect this covers the normal things a business would need to do, e.g. vote on giving people new shares, changing a director, making a small investment like office materials or a revamp. This ordinary resolution type needs a simple majority under the Companies Act 2014, that is to say above 50% of the members are required to sign.
A Special Resolution is, as the name suggests, for special or uncommon decisions a company takes. Things like a Change of Constitution or Name, Large Capital Investment or changing the share structure of a business would require a special resolution. The rules under the Companies Act 2014 specify that the special resolution requires the signature of more than 75% of voting members in order to be put in place.
The Companies Act 2014 allows for and lists the conditions of both types of resolutions under Sections 191 – 198.
Within the different types of resolutions, the way they are signed off on can affect when they come into force as we have broken down below: