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Section 115- resolutions requiring special notice

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Siva J

1 Points Posted on 05 October 2020

Someone please explain section 115

Replies (2)

Quick Summary

Section 115 of the Companies Act 2013 outlines the procedure for resolutions requiring special notice. It states that if a company's articles or the Act itself mandates special notice for a resolution, members holding at least 1% of the total voting power must give notice of their intention to move it. A special resolution typically requires a clear majority of votes for approval at a general meeting.

Rama chary Rachakonda

Master in Accounts & high court Advocate

9620 Points Posted on 08 October 2020

Section 115 of the companies act 2013 provides that where, any provision contained in this Act or in the articles of a company, special notice is required of any resolution, notice of the intention to move such resolution shall be given to the company by such number of members holding not less than 1% of total voting.

Special resolution means a resolution that needs a clear majority to approve the resolution at the general meeting.