Special Resolution
This query is : Resolved
18 August 2008
DEar Sir,
As per section 189(2)(c) of Companies Act, mentions that votes cast in favor of the special resolution shall not be less than three times the number of votes cast agasint it. Does it mean that any number above 25% of total share holder can block the special resoltion (e.g. 25.01). But normally in professional circle we always use 26%. Please advice.
Best Regards
Ranjit
As per section 189(2)(c) of Companies Act, mentions that votes cast in favor of the special resolution shall not be less than three times the number of votes cast agasint it. Does it mean that any number above 25% of total share holder can block the special resoltion (e.g. 25.01). But normally in professional circle we always use 26%. Please advice.
Best Regards
Ranjit
18 August 2008
I means anything above 25% can block special resolution. Therefore even 25.01% will block special resolution.
18 August 2008
Thank you very much. But why in professional circle we always say 26%??
19 August 2008
Its a generalisation of term and by general practice.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Rental income gst and it purpose
- Management System (IMS)
- FTS Taxable under 115A
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
