An 'ordinary resolution' is:
A) a resolution passed by 50% of all shareholders.
B) a resolution passed by at least 50% of the persons present at a meeting who are entitled to vote.
C) a resolution passed by at least 50% of the directors.
D) a resolution passed about matters concerning the everyday business of the company.
Correct Answer:
Verified
Q54: According to the 'indoor management rule' a
Q55: Which of the following duties is not
Q56: Under common law, directors must not place
Q57: Directors of companies are not usually obliged
Q58: What is the role of a shareholder
Q60: A director will not be liable for
Q61: Generally speaking it not true to say
Q62: A 'proxy' is:
A)the minimum number of voting
Q63: Where a company is not being managed
Q64: An 'extraordinary general meeting' is:
A)a general meeting
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