The correct answer is: A. Alternation of authorized capital of the company
An ordinary resolution is a resolution passed by a simple majority of the votes cast at a meeting of the members of a company. It is the most common type of resolution and is used for matters that are not considered to be of major importance.
The alteration of the authorized capital of a company is a matter that is not considered to be of major importance, and therefore an ordinary resolution is required. The authorized capital of a company is the maximum amount of share capital that the company is authorized to issue. It is set out in the company’s memorandum of association.
To alter the authorized capital of a company, the company must pass an ordinary resolution at a general meeting of the members. The resolution must specify the amount of the increase or decrease in the authorized capital, and the new authorized
capital must be within the limits set out in the company’s articles of association.The alteration of the authorized capital of a company must be registered with the
Registrar of Companies. The Registrar will issue a new certificate of incorporation reflecting the change in the authorized capital.The other options are incorrect because they are matters that are considered to be of major importance, and therefore a special resolution is required.
A special resolution is a resolution passed by a majority of not less than three-fourths of the votes cast at a meeting of the members of a company. It is used for matters that are considered to be of major importance, such as the following:
- The alteration of the company’s name
- The alteration of the company’s objects
- The sale of all or substantially all of the company’s undertaking
- The merger of the company with another company
- The winding up of the company