Ordinary Resolutions might sound like the unexciting cousin in the family of corporate decisions, but they’re more like the unsung heroes of boardroom dramas! 🌟 Today, let’s unravel the mystery behind this humble hero in the funniest way possible! Ready? Let’s go!
What on Earth is an Ordinary Resolution? 🤔
Picture this: You’re part of an elite club where folks decide super serious things like whether to serve pizza or salad at the next meeting. Now, if more than 50% of the club members, including those voting by super-secret proxy, think pizza’s the answer, voila! You’ve passed an Ordinary Resolution. 🍕
Technically, it’s a resolution that only needs a simple majority (just over 50%) of members to approve. Company members can vote either in person or by appointing a proxy (a fancy-pants representative).
No Extra Fuss Required! 📝
Guess what? You don’t need to send out glittery invitations or declare a national holiday to announce an ordinary resolution! You just pick a regular ol’ meeting and get those votes in. Easy peasy, right? 🎉
♦️ The Super Simple Graphics ♦️
graph TD;
A[Company Meeting] -->|Vote| B[Members or Proxy]
B --> |More than 50% needed| C(Ordinary Resolution Passed)
When to Use the Ordinary Resolution? 🧐
If you’re following the Companies Act 2006 or your company’s treasured articles of association, an ordinary resolution steps in when no other high-drama type of resolution is expressly required. It’s like the default mode of decision-making! 🚀
Channeling the Inner Inspiration 🎨
Imagine this resolution with superhero capes! That’s how ordinary resolutions often solve big problems with just a simple majority. It’s the Clark Kent of resolutions, quietly powerful.💪🦸♂️
Comparison Quickie 🏎️
Extraordinary Resolution: Requires a butt-kicking 75% vote 🔥
Special Resolution: Needs a noble 75% majority ✨
Ordinary Resolution: A cool & casual more-than 50% 🎩
graph TB;
C[Resolutions Universe] -->|<50%| D[Not Passed : (]
C -->|50%| E[Close but NO cigar]
C -->|>50%| F[Passed :) ]
style D fill:#f96;
style E fill:#fe6;
style F fill:#9f6;
Quizzing Time 🎉
-
What is the basic requirement for passing an ordinary resolution?
Choices:
- 51% of votes
- More than 75% of votes
- More than 50% of votes
- A unanimous decision 🏆
Answer: More than 50% of votes
-
Do you need to give special notice for passing an ordinary resolution?
Choices:
- Yes
- No
- Sometimes 🤔
Answer: No
-
In what scenario would you not use an ordinary resolution?
Choices:
- Amending articles of association 📜
- Deciding regular business matters 💼
- Electing board members 👔
- Approving budgets 💰
Answer: Amending articles of association 📜
-
Who can cast votes for an ordinary resolution?
Choices:
- Only company members present
- Only proxies
- Company members and proxies 🎭
- Only the board members 👑
Answer: Company members and proxies 🎭
-
What percentage of votes is required for an extraordinary resolution?
Choices:
- More than 75% 🔮
- More than 50% 💎
- Exactly 50% ✨
- Any majority 🍕
Answer: More than 75% 🔮
-
Can an ordinary resolution overrule a special resolution?
Choices:
- Yes
- No 🚫
- Only on Wednesdays 😂
Answer: No 🚫
-
Is a proxy vote legal in ordinary resolutions?
Choices:
- Yes ✅
- No ❌
Answer: Yes ✅
-
What Act specifically governs the use of ordinary resolutions?
Choices:
- The Companies Act 2006 📜
- The Voting Rights Act 🗳️
- The Resolution Manual 📖
Answer: The Companies Act 2006 📜
