Understanding Shareholders’ Meetings

What is the main purpose of a shareholders’ meeting?

• To approve employee promotions

• To discuss financial results with shareholders

• To pass resolutions affecting the company’s constitution

• To negotiate contracts with suppliers

Which type of resolution requires 75% of votes to be passed?

• Ordinary Resolution

• Special Resolution

• Elective Resolution

• Written Resolution

Who can demand a poll during a shareholders’ meeting?

• The chairman

• Any director

• Any shareholder (member)

• The company secretary

What happens if there is a deadlock in voting during a shareholders’ meeting?

• The meeting is adjourned

• The chairman exercises a casting vote

• The resolution is automatically rejected

• The shareholders must vote again

What type of resolution requires a simple majority of 50% + 1 of the votes cast to pass?

• Written Resolution

• Special Resolution

• Ordinary Resolution

• Extraordinary Resolution

What is the minimum notice period required for an extraordinary general meeting (EGM)?

• 14 days

• 21 days

• 30 days

• 7 days

Which type of resolution allows a company to opt out of certain legal formalities by unanimous agreement?

• Special Resolution

• Elective Resolution

• Written Resolution

• Ordinary Resolution

If a Special Resolution is being proposed at an EGM, what is the minimum notice period required?

• 7 days

• 14 days

• 21 days

• 30 days

An ____________ general meeting (AGM) requires 21 days' notice.

A ____________ vote is used to break a deadlock in voting.