Resolutions Flashcards
1
Q
Alterations of Article Section 53
A
15 days and 2 Special Resolutions
2
Q
Alteration of Article is
A
Subject to provisions of Memorandum and the Cama. Eg On no account should a company alter its article to donate to political parties.
3
Q
Special Resolution
A
15 days to be filed with CAC, Change of name, alteration of object clause in the memorandum, Reduction in share Capital of a coy.
4
Q
Ordinary Resolution
A
1.For change of address. , 2. appointment of Auditors , 3. Election of Directors, 4. Dividends Declarations, 5. for increase in the share capital of the company.
