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Describe the various kinds of resolutions that may be passed at general meetings. State the difference between them and list matters that require such resolutions...

      

Describe the various kinds of resolutions that may be passed at general meetings.

State the difference between them and list matters that require such resolutions to be passed before they can have effect.

  

Answers


Martin
Company meetings make decisions by passing resolutions. Kenyan company law recognizes three types of resolutions namely:
- Ordinary resolution
- Resolution requiring special notice
- Special resolution.

- Ordinary Resolution: The Companies Act does not define it.
- This is a resolution that requires simple majority to pass.
- It need not be set out in the notice of the meeting and is generally not registerable. Business of the company requiring an ordinary resolution include:
-Adoption of accounts
- Declaration of dividend
- Appointment of auditors
- Election of directors
- Increase of capital

- Special Resolution
- This is a resolution created by Section 141 of the Companies Act.
-It must be supported by a qualified majority of not less than 75% of all members present and voting in person and proxy.
- Must be set out in the notice of the meeting.
- Notice of intention to pass it as a special resolution must be given.
- Generally passed by meetings convened by a 21-day notice.
- A copy thereof must be delivered to the registrar for registration within 30 days thereof.
marto answered the question on February 6, 2019 at 08:14


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