Section 114 of CA 2013 : Section 114: Ordinary And Special Resolutions
CA 2013
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Explanation using Example
Imagine a hypothetical company, "GreenTech Innovations Ltd.," which is planning to alter its Articles of Association to incorporate a new business strategy. This change requires shareholder approval. The company sends out notices for a general meeting with a clear indication that an ordinary resolution is needed to pass this alteration.
At the meeting, the chairman explains the proposed change and calls for a vote. Out of 100 members present, 60 vote in favor, and 40 vote against....
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