Decision Making in Companies

Under which condition can the Duomatic Principle be applied?

What is true about the requirements for members' consent under the Duomatic Principle?

What are directors responsible for in managing a company's business?

Which situation makes the application of the Duomatic Principle invalid?

What is the effect of unanimous assent under the Duomatic Principle?

In what scenario does the Duomatic Principle become stricter than a written resolution?

How does the Duomatic Principle apply if a shareholder has passed away but is still registered?

What limitation exists regarding the agreement of shareholders under the Duomatic Principle?

What is a key distinction between the directors' powers according to MA 3 and the special resolutions in MA 4?

What is the minimum percentage of shareholders required to pass an ordinary resolution in a company with five shareholders owning 20 shares each?

Which type of resolution requires at least 75% of votes to pass?

What is the required notice period for an annual general meeting as stated in the Companies Act?

In a company with only two shareholders, how many must agree to pass an ordinary resolution?

If the model articles specify that the quorum for directors' meetings must be at least two, what is the minimum attendance needed?

Which of the following statements about the powers of the board of directors is incorrect?

What happens if the articles do not specify a quorum for general meetings?

When can shareholders requisition a general meeting?

What is the minimum length of notice required for meetings other than annual general meetings?

The Duomatic Principle can be applied if one of the registered members does not agree.

Unanimous assent under the Duomatic Principle can be given simultaneously or at different times.

The consent of members under the Duomatic Principle must be ambiguous and subjective.

The Duomatic Principle is more lenient than a written resolution.

If a registered shareholder has passed away but remains on the register, they may still count towards the unanimous assent requirement.

Directors can make decisions on the day-to-day activities of the company without adhering to any limitations set by the articles.

Shareholders may direct directors to take specified actions through a special resolution under MA 4.

The Duomatic Principle applies only to shareholders' resolutions and does not concern board resolutions.

All members must provide consent that is subjective and based on personal beliefs under the Duomatic Principle.

Decisions made at general meetings can be perceived as effective even if formal resolutions have not been registered.

A special resolution requires at least 75% of shareholders' votes to pass.

A company with two members holding equal shares can pass an ordinary resolution with only one member's agreement.

The minimum quorum for a general meeting is always set at three shareholders.

Directors can make changes to company model articles without shareholder approval.

A company must keep minutes of all proceedings from board meetings.

A board meeting can be requisitioned by shareholders holding at least 10% of voting rights.

The notice period for an annual general meeting can be less than 21 days if specified in the articles.

An ordinary resolution requires an absolute majority of 50% of the votes to pass.

The chairperson of a meeting is responsible for deciding points of order.

Under company law, a special notice of 28 days is required for removing a director by ordinary resolution.