Question Tag: Resolutions

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Define special resolution. (4 marks)

A resolution is a special resolution under section 168 of ACT 179 when it is passed by not less than three-fourths of the votes cast by the members of the company who, being entitled so to do, vote in person or, where proxies are allowed, by proxy at a general meeting of which notice specifying the intention to propose the resolution as a special resolution has been duly given. (4 marks)