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