CA Inter P2 · Chapter 6 · Question 9 of 10
At a general meeting of Coral Ltd, a resolution was proposed as a special resolution after due notice. 3,000 votes were cast in favour, 1,000 against, and 400 members present abstained. The resolution is:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Passed as a special resolution
Explanation
Under section 114(2), a special resolution needs votes cast in favour to be not less than three times the votes cast against, by members entitled and voting in person, by proxy or by postal ballot. Abstentions are ignored. Here 3,000 = 3 x 1,000, which meets the 'not less than three times' test, so the special resolution is passed.
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