Question

Select the correct option:

For passing a special resolution ______ votes are necessary.

• A. 55%
• B. 65%
• C. 75%
• D. 35%

Answer 1

The correct option is C 75%

A resolution is a legally binding decision made by a limited company directors or shareholders. If a majority of vote is achieved in favour of a decision a resolution is passed. Shareholders can pass ordinary resolution or special resolution at a general meeting. A special resolution of the members of the company means a resolution passed by a majority not less than 75%.