List of Company Resolutions under the Companies Act Uganda.

List of Company Resolutions under the Companies Act Uganda.

Decisions of a company are made at meetings called resolutions.

Resolutions are in categories;

a)    Ordinary resolutions passed at a general meeting.

b)    Special resolutions passed at a general meeting.

c)    Board resolutions passed by the board of directors’ meeting.

Annual general meeting (AGM) is held each year by public or private company.

All general meetings other than AGM shall be called extraordinary general meetings.

Annual return must be filed after this meeting.

All meetings must have quorum. Odd number majority in normal circumstances.

Notice for meeting shall be more than 21 days and in writing.

Resolutions that can be passed by the meetings:

a)    Special resolution to alter memorandum of association.

b)    Special resolution to alter articles of association.

c)    Special resolution to re-register a public company as private.

d)    Special resolution for reduction of share capital.

e)    Ordinary resolution for appointing auditors and remuneration of auditors.

f)     Special resolution of limited Company making liability of directors unlimited.

g)    Special resolution to authorize amalgamation of a company.

Festo – asiimwe.festo@gmail.com 0756400174.