Professional Documents
Culture Documents
Resolution?
Duly proposed
meeting
Matters Relating to Ordinary Resolutions
To authorize issue of shares at a discount
(Sec. 79)
To increase share capital (Sec. 99)
To appoint auditors (Sec -224-1)
Except Sec. 224 A
To appoint Directors
To adopt annual accounts
To declare dividends
To register unlimited co. as limited co.
Special Resolution
Sec. 89 (2)
Intention as special resolution should be
specified in notice or intimation
Conditions -
1. Listed public company shall get any resolutions passed by
postal ballot on subjects so declared by central govt.
2. Send a notice to share holders along with the draft
resolution & shareholders, to send their vote within 30
days of posting of the letter.
3. Notice to be sent by Regd. Post - A.D. or by any other
method as prescribed with a postage pre-paid envelope.
Contd..
PENALTIES
A. For fraudulently defacing or destroying
the ballot paper, or declaration of
identity of the shareholder imprisonment -
upto 6 months or fine or both.
B. For any other default - Fine upto Rs.
50,000/-