| Commentary

74 Special resolutions

| Commentary

74 Special resolutions

A special resolution of a company’s shareholders (or a class of members) is a resolution that is passed by a majority of not less than 75%1. What constitutes a majority of not less than 75% depends on the circumstances. If the resolution is being proposed as a written resolution, it must be passed by shareholders representing not less than 75% of the total voting rights of eligible members2. Where the resolution is passed at a general meeting, it depends upon whether the shareholders are voting on a show of hands or on a poll3. On a show

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