Changes and approvals needed for companies

Question 1

Adopt or Amend Articles of association

Answer 1

Special resolution
- 14 clear days notice for GM or 28 days for WR to lapse

Question 2

Appoint directors

Answer 2

Board Majority
- no statutory time limit
- reasonable notice for BM

Question 3

Remove directors

Answer 3

Ordinary resolution
- GM
- 28 days’ notice for GM, cannot be passed by written resolution

Question 4

Issue new shares

Answer 4

Ordinary Resolution
- 14 clear days’ notice for GM to lapse
- 28 days for WR to lapse

Question 5

Change company name

Answer 5

Special resolution
- GM or WR
- 14 clear days’ notice for GM
- 28 days for WR to lapse

Question 6

Reduce share capital

Answer 6

Special resolution
- GM
- 14 clear days’ notice for GM

Question 7

Disapplication of Pre-emption rights

Answer 7

Special resolution
- 14 clear days notice for GM
- 28 days for WR to lapse

Question 8

Declare final dividend

Answer 8

Ordinary resolution
- GM or WR
- 14 clear days’ notice for GM or 28 days for WR to lapse

Question 9

Appoint or remove auditors

Answer 9

Ordinary resolution
- GM
- 28 days’ notice for GM, cannot be passed by WR

Question 10

Amend shareholder rights

Answer 10

Special resolution
- GM
- 14 clear days’ notice for GM

Question 11

Allot shares

Answer 11

Ordinary resolution
- GM or WR
- 14 clear days’ notice for GM or 28 days for WR to lapse

Question 12

Wind up the company

Answer 12

Special resolution
- GM
- 14 clear days’ notice for GM