General Studies · Private Companies and Resolutions
Consider the following statements regarding UK private companies: 1. A written special resolution to amend the Articles of Association is valid if it receives at least 75% support from eligible members. 2. Under the Companies Act 2006, a private company is not legally required to hold an Annual General Meeting (AGM) unless specified in its Articles. Which of the statements given above is/are True?
- 1Neither 1 nor 2
- 2Both 1 and 2✓
- 3Only 2
- 4Only 1
Correct answer
Both 1 and 2
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