Accounting · Corporate Law
The directors of Pen Ltd are proposing a capital reduction. They have made a statutory declaration and called a general meeting of members. What kind of resolution is required by the members to approve the reduction of share capital?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Special resolution✓
- 2Extraordinary resolution
- 3Ordinary resolution with special notice
- 4Ordinary resolution
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Special resolution
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