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Passing Special Resolutions

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  • Passing Special Resolutions

    S283 of companies act requires 75% of the members to vote in favour of a special resolution.

    s283 4
    A resolution passed at a meeting on a show of hands is passed by a majority of not less than 75% if it is passed by not less than 75% of the votes cast by those entitled to vote.
    Questions is, what is the 75% referring to?
    If a company has 40 shares issued to individuals, one share one vote, can a special resolution be passed if say just 10 members (no proxy votes) attend the meeting?
    I am not a solicitor. Please seek your own legal advice before relying on my comments in this forum!
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