Corporate and Other LawsMCQQuestion 12546 of 300
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Under Section 114(2) of the Companies Act, 2013, a resolution shall be a Special Resolution when the votes cast in favour of the resolution by members are required to be not less than:

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — Three times the number of votes cast against the resolution

All Options:

  • AThree times the number of votes cast against the resolution ✓
  • BTwo times the number of votes cast against the resolution
  • CSimple majority exceeding 50% of the total votes
  • DUnanimous votes cast by all members present

Detailed Solution & Explanation

Correct Answer: Option **A** (Three times the number of votes cast against the resolution) **Statutory Provision (Section 114 - Ordinary and Special Resolutions):** Section 114(2)(c) mandates that the votes cast in favour of the resolution, whether on a show of hands, electronically or on a poll, must be not less than three times the number of the votes, if any, cast against the resolution by members so entitled and voting (75% supermajority). Therefore, Option A is the correct legal position under the ICAI curriculum.

More Questions from Corporate and Other Laws

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Under Rule 3(3) of the Companies (Acceptance of Deposits) Rules, 2014, what is the maximum aggregate limit of deposits that an eligible public company can accept from its members and the public?

Which of the following is a requirement for a company to buy back its securities under the Companies Act, 2013?

What is the tax treatment of buyback of shares by an unlisted company?

Explain the concept of differential rights and its significance in the context of buyback of securities.

What are the legal provisions governing the buyback of securities by a company in India?

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