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Special resolution

For issuing preference shares, esop , private placement , a special resolution is needed. 1) so if AOA mentions "it can issue preference shares etc " then a special resolution by members is needed to issue preference shares? ?? 2) if the answer to about question is yes , thn if AOA doesn't mention "it can issue preference shares etc" then company needs to pass two special resolution ? One for amending the AOA and another by members in meeting ?


Adithya V

Adithya V

CA Inter

75

06-May-20 10:12

12

Answers (2)

Your understanding is correct. Generally in the second case, the two resolutions are taken back to back in the same meeting.


Suraj Lakhotia

Suraj Lakhotia

Admin

08-May-20 21:20

Tq sir


Adithya V

Adithya V

CA Inter

75

09-May-20 09:20