[amp_mcq option1=”A resolution of Board of Directors” option2=”An ordinary resolution in Annual General Meeting of the Shareholders” option3=”A special Resolution” option4=”Obtaining permission of the Company Law Board” correct=”option3″]<\/p>\n
The correct answer is: C. A special resolution.<\/p>\n
An ordinary resolution is a resolution passed by a simple majority of the votes cast at a meeting. A special resolution is a resolution passed by a majority of not less than three-fourths of the votes cast at a meeting.<\/p>\n
The articles of association are the rules that govern the internal affairs of a company. They are a contract between the company and its shareholders. The articles of association can be altered by a special resolution of the shareholders. This means that a majority of not less than three-fourths of the votes cast at a meeting must be in favour of the alteration.<\/p>\n
The board of directors cannot alter the articles of association without the approval of the shareholders. The Company Law Board is a government body that regulates companies. It does not have the power to alter the articles of association of a company.<\/p>\n
Here is a brief explanation of each option:<\/p>\n
[amp_mcq option1=”A resolution of Board of Directors” option2=”An ordinary resolution in Annual General Meeting of the Shareholders” option3=”A special Resolution” option4=”Obtaining permission of the Company Law Board” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[704],"tags":[],"class_list":["post-35269","post","type-post","status-publish","format-standard","hentry","category-legal-aspects-of-business","no-featured-image-padding"],"yoast_head":"\n