• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

special resolution passed when 75% or can you amend articles of association to say72%

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • special resolution passed when 75% or can you amend articles of association to say72%

    We are going to form a company and we're going to be amending the articles of association before the company is founded, we are going to put in stipulations to say that most decisions need 72% approval e.g 3 shareholders which hold 24% of the share each, including special resolutions, do we need to hold meeting to pass a special resolution or because the company is not formed yet, no special resolution needs to be passed, as it is written down before the company was formed? the shareholder agreement is in place stating that 72%of agreement is needed, the article of association will also be amended to state that and the director cannot sell assets and other restrictive director clauses etc. i need to know whether special resolution would need to be filed as well as all this would be in place at the time company is formed/registered. Also we only require %72 to pass a special resolution in our company, can we legally state that, like in the shareholder agreement and in the article of association? If yes, would it need to be still filed with company house, as they class a special resolution only if it is %75 or above and we only require %72? Or would they not think that it is a special resolution?
    Tags: None

  • #2
    You can deal with this in a shareholders agreement covering how important decisions are to be made.
    Lawyer (solicitor) - retired from practice, now supervising solicitor in a university law clinic. I do not advise by private message.

    Litigants in Person should download and read the Judiciary's handbook for litigants in person: https://www.judiciary.uk/wp-content/..._in_Person.pdf

    Comment

    View our Terms and Conditions

    LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

    If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


    If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
    Working...
    X