Company Decision Making

Question 1

When do you need an Ordinary Resolution ?

Answer 1

Substantial Property Transaction
Guaranteed fixed term awarded to a director for more than 2 years
Loan to a director for more than £10k and not in relation to the company
Payment of loss of office of more than £200

Question 2

When do you need a Special resolution?

Answer 2

Change the company’s name
Change the company’s articles
Certain transactions - e.g. approving the buyback from the capital

Question 3

Who is entitled to call a General Meeting on a short notice?

Answer 3

Shareholders holding at least 90% of the voting rights between themselves

Question 4

Who can requisition a General Meeting

Answer 4

Shareholders individually or collectively holding at least 5% of voting rights between themselves

Question 5

Ordinary Resolution

Answer 5

More than 50% of voting rights

Question 6

Special Resolution

Answer 6

75% or more of voting rights