Q: Hello My Question is regarding company law. Amendment to articles.
Amendment to articles can only be achieved by way of special resolution (75%). But can a resolution be put forward at a meeting proposing these two changes i) a clause that future amendments of or alterations to the articles would be allowed by ordinary resolution, and
ii) a slight change in wording in relation to the company’s articles of association clause on pre-emption rights on transfers of shares.
Lets say for example the vote was by poll with the result of: vote by poll agreed on the changes by 74%
A: It would require the approval of the shareholders who own at least 75% of the outstanding shares.
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