Corporate Administration Flashcards
What two types of authority do company secretary’s have?
Express
Implied
What kind of resolution is needed to remove an auditor?
Ordinary
When must the resolution be sent to the Registar within for resolution to remove an auditor?
14 days
When must public companies hold an AGM by?
6 months after their financial year end
How much notice is required to hold an AGM?
21 days
What percentage of voting rights is needed for a member to propose a resolution for the AGM agenda?
5%
How much notice is needed to hold a GM?
14 days
Within how many days must a meeting take place after receiving a resolution?
21 days
Within how many days must a meeting take place after receiving a notice?
28 days
How long a notice period is needed for special notice?
28 days
What percentage is required to pass a special resolution?
75%
Within what length of time must a special resolution go to the Registar?
15 days
What percentage is required to pass an ordinary resolution?
50%
What type of resolution is used to remove a director from office?
Ordinary resolution with special notice
