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Section 292

Special resolutions

of Companies Act 2016

ActIn forceProvision 292 of 768
Section 292

(a)

who are entitled to vote and do vote in person, or where proxies are allowed, by proxy at a meeting of members; or

(b)

who are entitled to vote on a written resolution.

(2)

If a resolution of a private company is passed as a written resolution, the resolution is not a special resolution unless it is stated that it is a special resolution and passed as a special resolution.

(3)

Subject to paragraph (1)(a), a special resolution passed at a meeting on a show of hands is passed as a special resolution if it is passed by not less than seventy-five per centum of the members who are present at the meeting.

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(4)

A special resolution is passed on a poll taken at a meeting if it is passed by members representing not less than seventy-five per centum of the total voting rights of the members who are entitled to vote and do vote in person or by proxy on the resolution.

(5)

Where a resolution is passed at a meeting—

(a)

the resolution is not a special resolution unless the notice of the meeting includes the text of the resolution and states that the resolution is proposed as a special resolution; and

(b)

if it is so stated in the notice of the meeting, the resolution shall only be passed as a special resolution.