Companies Act – Director and shareholder resolutions
Companies Act – Director and shareholder resolutions:
Below is a summary of the requirements for director and shareholder resolutions. Watch the video for a detailed explanation and for guidance on the example.
| Directors | Shareholders | |
| Notice | As set out in MOI | 10 days (Pty) Ltd & 15 days Ltd |
| Quorum | Majority directors present | At least 25% voting rights & at least 3 people if more than 2 shareholders |
| Authorisation | Majority present vote in favour | Ordinary: more than 50% voting rights present vote in favour
Special: 75% or more of the voting rights present vote in favour |
Companies Act – Director and shareholder resolutions video
Example:
CA Campus (Pty) Ltd has 10 directors and 4 shareholders each holding 25% of the voting rights.
Required:
What would the minimum requirements be for each of the following to be passed:
- Directors resolution
- Shareholders – Ordinary resolution
- Shareholders – Special resolution
