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In law, a resolution is a motion, often in writing [note 1], which has been adopted by a deliberative body (such as a corporations' board and or the house of a legislature). An alternate term for a resolution is a resolve .
In business or commercial law in certain common law jurisdictions, an ordinary resolution is a resolution passed by the shareholders of a company by a simple or bare majority (for example more than 50% of the vote) either at a convened meeting of shareholders or by circulating a resolution for signature.
Companies Act 71 of 2008. Companies Amendment Bill (B40-2010). Companies Amendment Bill (B40B-2010). Companies (Consolidation) Act 1908. Co-operatives Act 14 of 2005. Corporate Laws Amendment Act 24 of 2006. Income Tax Act 58 of 1962. Joint Stock Companies Act 1844. Joint Stock Companies Act 1856. Local Government: Municipal Systems Act 32 of 2000.
Corporate law (also known as company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations .
A proposed amendment is treated like many other motions in that it could be debated and voted on. This could be done even in the case of a friendly amendment. [6] An amendment could pass with a majority vote, regardless of the vote required to pass the main motion. [7]
The Companies Act 1956 was an Act of the Parliament of India, enacted in 1956, which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries. [1]
The Paradox of Self-Amendment: A Study of Logic, Law, Omnipotence, and Change, by Peter Suber. Full-text of the book, now out of print. Peter Lang Publishing, 1990. For an essay-length synopsis, see "The Paradox of Self-Amendment in American Constitutional Law", Stanford Literature Review, 7, 1–2 (Spring–Fall 1990) 53–78.
In the eye of law, it is a person which is different from its members. As company is person in the eye of law, it can own property. It can have rights and it can also be subject to the liabilities. A company is not agent of its members. The company cannot sue the members in case of liabilities and members of the company cannot sue it to enforce ...