Secretarial practice

Bibliographic data

Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XIV. Resolutions

Collection:: Economics Books

CHAPTER XIV RESOLUTIONS REsoLUTIONS are of two classes—resolutions of shareholders (or classes of shareholders) and resolutions of directors. Resolutions of shareholders are of three kinds—ordinary, extraordinary, and special. A shareholders’ resolution may perhaps be defined as the formal expression of the will of the company; for the proper method by which the shareholders can express the will of the Company on any particular question is by passing a resolution in general meeting. The articles usually provide that certain things can be doné with the consent of the company in general meeting. The Act also provides that certain things can only be done with the sanction of a special or extraordinary resolution. [f there are no provisions in the articles as to the way in which the consent is to be given, it may be that a formal resolution is not strictly necessary, and that the proved assent of every one of the shareholders (and not a majority only) to a proposal would bind the company. But if the articles lay down rules for ascertaining the wishes of the shareholders, those rules must be observed. Even prior to the Act of 1929, it was held that by the consent of all the members resolutions could be passed although no properly constituted meeting had been held [see re Express Engineering Works (1920), 1 Ch. 466; Oxted Motor Co. (1921), 3 K.B. 32]. The latter of these cases involved the passing of an extraordinary resolution, and statutory recognition is given to this decision by s. 118, which requires the delivery to the Registrar of copies of all such resolutions. When A resolution is invalid :— [nvalid. 1. If it contravenes any provision of the law, or is contrary to public policy; 2. If it proposes that something shall be done which is beyond the powers of the company: 8

Access restriction

Copyright

fullscreen: Secretarial practice

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation