Ordinary Resolution
The following special resolutions must be files in Annexure c of the form:
- Change of name as per the discretion of the Registrar if the application for reservation of name was applied by using incorrect information.
- Change of name as per the discretion of the Central Government.
- Issue of equity shares with differential rights needs to be endorsed by an ordinary resolution passed at a general meeting held by the shareholders.
- A company is entitled to increase or consolidate its capital, or on the other hand increase or consolidate its capital, or sub-divide or cancel shares which haven’t been taken, provided that such an action is endorsed by its Articles.
- A private company is not vested with the rights to offer shares to employees under a scheme of employee’s stock option, except on the consent of the shareholders through a special resolution.
- To transact the consideration of financial statements and the reports of the Board of Directors and Auditors, declaration of dividends, appointment of new directors in place of the retiring ones and determining the remuneration of the auditors in the Annual General Meeting under a special resolution.
- Approval of general meeting for the issue of bonus shares.
- Approval of general meeting for encouraging deposits from members.
- Appointment of auditors.
- Appointment of branch auditors.
- Appointment of independent director.
- Appointment of a director by small shareholders.
- Appointment of directors at the initial general meeting or on the proposal of a person with a deposit of Rs 1,00,000.
- Remuneration of cost auditor will be set by an ordinary resolution at the general meeting.
- Ordinary resolution for entering a specified contract or arrangement with the concerned party, for Companies with prescribed paid-up capital or for transactions which exceed the prescribed amount.
- To mention any non-monetary transactions wherein the directors of the company or holding, subsidiary or associate company are involved.
