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Under the Companies Act, 2013, company meetings are categorized into two types: Ordinary Business and Special Business. Ordinary Business Ordinary business includes routine matters that are transacted at every annual general meeting (AGM) of the company. These are essential activities for
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FAQ :
Ordinary business refers to routine matters transacted at every company's annual general meeting (AGM), including considering financial statements, declaring dividends, appointing directors, and appointing auditors.
Special business includes exceptional matters not part of a company's routine activities, such as altering the articles of association, issuing new shares, changing the registered office, or approving related party transactions.
An ordinary resolution is passed for routine business matters at an AGM, requiring a simple majority, meaning more than 50% of the votes cast by eligible members in favour.
A special resolution is required for significant company matters and needs a supermajority, meaning at least 75% of the votes cast by eligible members must be in favour.
Examples of special business include amending the Articles of Association, issuing sweat equity shares, changing the registered office, reducing share capital, and buying back shares.
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