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    Required list of actions for which ordinary resolution is required to be adopted ?

    Posted By : SARIKA / Published on : 01-Jul-2022 08:52 AM / View : 258 / Comment : 0

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    As per Section 114(1) of Companies Act 2013 : “A resolution shall be an ordinary resolution if the notice required under this Act has been duly given and it is required to be passed by the votes cast, whether on a show of hands, or electronically or on a poll, as the case may be, in favor of the resolution, including the casting vote, if any, of the Chairman, by members who, being entitled so to do, vote in person, or where proxies are allowed, by proxy or by postal ballot, exceed the votes, if any, cast against the resolution by members, so entitled and voting. “

    In simple words, an ordinary resolution is a resolution passed by the shareholders of a company by a simple majority of more than 50% of the votes.

    An ordinary resolution is the most common method by which a corporate entity conducts its business or the Board of directors seeks shareholder approval of its actions.

    Required list of actions for which ordinary resolution is required to be adopted ?
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