Types of Resolution

In accordance with the company Act.1994 enforceable in Bangladesh, resolution of a meeting can be divided in to three groups. They are ordinary resolution, Special resolution and Extra ordinary resolution. They are discuss detailed as follows-----

1) Ordinary Resolution: A resolution which is simply passed by the majority votes not less than three fourths cast by the members in person or by proxy is known as ordinary resolution. The businesses of ordinary nature are recorded in such resolution.

2) Special Resolution: A special resolution is that which recently the decision of the meeting transacting some special business and which is passed by the majority of the members ( not less than three fourths)

3) Extra Ordinary Resolution: The Resolution which is passed in a meeting at the consent of three fourth of the participating members with a view to serving emergency purposes is called extra ordinary resolution. The members must be communicated through notice before 14 days of holding meeting to adopt such resolution and the extra ordinary must be submitted to the register of the company within 15 days of adopting such resolution in the meeting.

Extra – ordinary resolution is necessitated to be passed for the following causer

i)  Winding up of company at will.

ii) Dismissal of any director,

iii) Dismissal of management agent etc.