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AI Summary of 191. Resolutions - ordinary resolutions, special resolutions, etc., - meaning

Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 March 2019 - onwards
Version 4 of 4

191. Resolutions - ordinary resolutions, special resolutions, etc., - meaning

(1) In this Act "ordinary resolution" means a resolution passed by a simple majority of the votes cast by members of a company as, being entitled to do so, vote in person or by proxy at a general meeting of the company.

(2) In this Act "special resolution" means a resolution - (a) that is referred to as such in this Act, or is required (whether by this Act or by a company's constitution or otherwise) to be passed as a special resolution; and (b) that satisfies the condition specified in subsection (3); and (c) without prejudice to subsections (4) and (5), as respects which notice of the meeting at which the resolution is proposed to be passed has been given in accordance with section 181(1)(a) and (5).

(3) The condition referred to in subsection (2)(b) is that the resolution is passed by not less than 75 per cent of the votes cast by such members of the company concerned as, being entitled to do so, vote in person or by proxy at a general meeting of it.