A resolution may be defined as an agreement or decision made by the directors or members (or a class of members) of a company. A proposed resolution is a motion. When a resolution is passed a company is bound by it. . The Act generally specifies the matters in respect of which resolutions are required to be passed by the members in general meetings. Basically, there are three types of resolutions: Ordinary Resolution, Special Resolution and Unanimous Resolution. However, in case of general meetings, all three are covered.
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