A company has 120 members. It sends notice of general meeting to all of them. 20 members did not attend the meeting. Out of remaining 100 members who were present, 20 members abstained from voting. Advice the company, ho
CS Executive · Company Law · PYQS · December 2017
A company has 120 members. It sends notice of general meeting to all of them. 20 members did not attend the meeting. Out of remaining 100 members who were present, 20 members abstained from voting. Advice the company, how many members should vote in favour of a resolution, if it has to be passed as a special resolution?
Answer & Explanation:
Section 114(2) relates to passing of special resolution. For passing of special resolution, the requirement is that the votes cast in favour of the resolution are atleast 3 times the votes cast against, if any. Here, 100 members are present. Out of which 20 members have abstained from voting, 80 members voted. 3/4th of 80 is 60. Hence, 60 members should vote in favour of a resolution; if it is to be passed as a special resolution which is 3 times the number of votes cast against the resolution.
Topics: Meetings
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