Agenda and Resolutions

Subject: Business Studies

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Overview

The subject which is to be discussed to come to a final decision is called Agenda. Its main objective is to conduct the meeting in a systematic way without missing any item. All the decisions that are taken in the meeting are in the form of resolution. A resolution must be clearly written. 

Agenda and Resolutions

Agenda

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Source: www.slideshare.net

The word 'agenda' literally means things to be done. The subject which is to be discussed to come to a final decision is called Agenda. Its main objective is to conduct the meeting in a systematic way without missing any item. It includes the list of things to be done and subject to be discussed in the meeting. According to the Company Act, 2063 B.S. it is necessary to send agenda to the shareholders before the meeting. It helps the shareholders to get ready and be prepared for the meeting. An agenda must be clear and systematic.

Resolutions

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Source: www.slideshare.net

An organization has to make different decisions to run the transaction and activities of the business in a systematic way. So, the decisions are made after discussing various problems or agendas. All decisions that are taken in the meeting are in the form of resolution. The resolution must be clearly written. A copy of the resolution must be submitted to the office of Company Registrar. When any proposal is accepted by required majority in the meeting then the proposal becomes the resolution. Resolution is passed for formulating plans and policies, raising funds, for electing the director, appointment of the auditor and declaration of dividend. There are two types of resolution. They are as follows:

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a) Ordinary Resolution

A resolution taken by a simple majority which is presented in a board meeting or annual general meeting and decision is known as ordinary resolution. This resolution is passed by the shareholder holding 50% of the total share and at least 3 shareholders should be presented. General activities of the company are carried out by the ordinary resolution. The following matters are presented and passed in ordinary resolutions:

  • Audited profit and loss account
  • Balance Sheet of the previous year
  • Appointment of directors and auditors
  • Declaration of dividend
  • Salary and facility for directors and auditors

b) Special Resolution

A resolution taken by the special majority which is presented in a special issue of the company is known as special resolution. This resolution is passed by the shareholder holding 75% of total share who are presented in the meeting. This resolution is not adopted regularly. The important matter which cannot be decided by the simple majority is adopted in special resolution. This resolution is passed in annual general or special general meeting. A copy of the ordinary resolution should be submitted to the office of the Company Registrar. The following matters are presented and passed in special resolution:

  • Decreasing the share capital of the company
  • Altering the name or objective of the company
  • Issuing a bonus share
  • Selling shares at a discount
  • Converting a private company into a public company and vice-versa

 

 

 

 

 

References:

Khanal, Soma Raj, Surendra Thapa Aslami and Sitaram Dhakal.Business Studies.Kathmandu: Taleju Prakashan, 2067.

Pant, Prem R., et al.Business Studies.Kathmandu: Buddha Academic Publishers and Distributors Pvt. Ltd., 2010.

 

 

Things to remember
  1. The word 'agenda' literally means things to be done. The subject which is to be discussed to come to a final decision is called Agenda.
  2. All the decisions that are taken in the meeting are in the form of resolution.
  3. A resolution taken by a simple majority which is presented in a board meeting or annual general meeting and decision is known as ordinary resolution.
  4. A resolution taken by a special majority which is presented in a special issue of the company is known as special resolution.
  • It includes every relationship which established among the people.
  • There can be more than one community in a society. Community smaller than society.
  • It is a network of social relationships which cannot see or touched.
  • common interests and common objectives are not necessary for society.
Questions and Answers

An organization has to make different decisions to run the transaction and activities of the  business in a systematic way. An organisation has to make different types of decisions to conduct business activities in a systematic manner. Such decisions are made by following procedures.  . All decisions that are taken in the meeting are in the form of resolution. It can be defined as the resolve to do or not to do things. The resolution must be clearly written. A copy of the resolution must be submitted to the office of Company Registrar. When any proposal is accepted by required majority in the meeting then the proposal becomes the resolution. Resolution is passed for formulating plans and policies, raising funds, the election of the director, appointment of the auditor and declaration of dividend. 

According to the Company Act, 2053, resolutions can be divided into two types:

Ordinary Resolution
A resolution taken by a simple majority which is presented in a board meeting or annual general meeting and decision is known as ordinary resolution. Such resolution is passe d by shareholders holding more than 50 percent of the total shares. 

The following matters are presented and passed in ordinary resolutions:

  • Audited profit and loss account
  • Balance sheet of previous year
  • Appointment of directors and auditors
  • Declaration of dividend
  • Salary and facility for directors and auditor

Special Resolution
A resolution which is adopted on special issues of the company and the decision is taken by the special majority is called special resolution. It is passed by the shareholders holding at least 75 percent of total shares who are present in the meeting. This resolution is not adopted regularly. The important matter which cannot be decided by the simple majority is adopted in special resolution. This resolution is passed in annual general or special general meeting. A copy of the ordinary resolution should be submitted to the office of the Company Registrar. The following matters are presented and passed in special resolution:

  • Increasing authorized capital of the company
  • Decreasing the share capital of the company
  • Altering the name or objective of the company
  • Issuing bonus share
  • Selling shares at discount
  • Converting private company into public company and vice-versa

Agenda
The word 'agenda' literally means things to be done. The subject which is to be discussed to come to a final decision is called Agenda. It consists of a list of things to be done and points to be discussed in the meeting. Its main objective is to conduct the meeting in a systematic way without missing any item. According to the Company Act, 2063 B.S. it is necessary to send agenda to the shareholders before the meeting. It helps the shareholders to get ready and be prepared for the meeting. An agenda must be clear and systematic. The agenda are prepared systematically by considering their priorities.

Resolution
An organization has to make different decisions to run the transaction and activities of the  business in a systematic way. An organisation has to make different types of decisions to conduct business activities in a systematic manner. Such decisions are made by following procedures. All decisions that are taken in the meeting are in the form of resolution. It can be defined as the resolve to do or not to do things. The resolution must be clearly written. A copy of the resolution must be submitted to the office of Company Registrar. When any proposal is accepted by required majority in the meeting then the proposal becomes the resolution. Resolution is passed for formulating plans and policies, raising funds, the election of the director, appointment of the auditor and declaration of dividend. 

According to the Company Act, 2053, resolutions can be divided into two types:Resolution
Voluntary Resolution
Compulsory 

Agenda
The word 'agenda' literally means things to be done. The subject which is to be discussed to come to a final decision is called Agenda. It consists of a list of things to be done and points to be discussed in the meeting. Its main objective is to conduct the meeting in a systematic way without missing any item. According to the Company Act, 2063 B.S. it is necessary to send agenda to the shareholders before the meeting. It helps the shareholders to get ready and be prepared for the meeting. An agenda must be clear and systematic. The agenda are prepared systematically by considering their priorities.

Resolution with its types
An organization has to make different decisions to run the transaction and activities of the  business in a systematic way. An organisation has to make different types of decisions to conduct business activities in a systematic manner. Such decisions are made by following procedures.  . All decisions that are taken in the meeting are in the form of resolution. It can be defined as the resolve to do or not to do things. The resolution must be clearly written. A copy of the resolution must be submitted to the office of Company Registrar. When any proposal is accepted by required majority in the meeting then the proposal becomes the resolution. Resolution is passed for formulating plans and policies, raising funds, the election of the director, appointment of the auditor and declaration of dividend. 

According to the Company Act, 2053, resolutions can be divided into two types:

Ordinary Resolution
A resolution taken by a simple majority which is presented in a board meeting or annual general meeting and decision is known as ordinary resolution. Such resolution is passe d by shareholders holding more than 50 percent of the total shares. 

The following matters are presented and passed in ordinary resolutions:

  • Audited profit and loss account
  • Balance sheet of previous year
  • Appointment of directors and auditors
  • Declaration of dividend
  • Salary and facility for directors and auditor

Special Resolution
A resolution which is adopted on special issues of the company and the decision is taken by the special majority is called special resolution. It is passed by the shareholders holding at least 75 percent of total shares who are present in the meeting. This resolution is not adopted regularly. The important matter which cannot be decided by the simple majority is adopted in special resolution. This resolution is passed in annual general or special general meeting. A copy of the ordinary resolution should be submitted to the office of the Company Registrar. The following matters are presented and passed in special resolution:

  • Increasing authorized capital of the company
  • Decreasing the share capital of the company
  • Altering the name or objective of the company
  • Issuing bonus share
  • Selling shares at discount
  • Converting private company into public company and vice-versa
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