31 August 2013
Hi, please suggest me on this query -: if the 25% or more than share capital of company "A" is owned by company "B", then while passing special resolution, what points should company "A" should be followed.
The resolution shall be a special resolution if it fulfills the following conditions:— (a) The intention to move the resolution as 'special resolution' is specified in the notice for the meetings. (b) The text of the special resolution alongwith explanatory statement shall be given in the notice. (c) The required notice for convening the meeting has been given as provided under the Act. (d) The votes cast in favour of the resolution are at least three times the votes cast against, if any.
Company A will send the notice to Co. B for attending general meeting for passing of special resolution.
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