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Special resolution

Corporate & Other Laws

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

348

Answers (2)

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


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

08-May-20 21:20

Tq sir


Thread Starter

Adithya V

Adithya V

CA Inter

75

09-May-20 09:20

Offer