It is only for special business. There are two types of resolutions, namely,. If any document is referred which is to be considered at the meeting, the time and place where such document can be inspected shall be specified in the explanatory statement.
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Needs prior declaration + explanatory note (sec 102).
A corporate resolution is a written document that is normally created by the board of directors certifying a binding corporate action.
No explanatory statement as required under section 102 need be annexed to the notice of an extraordinary general meeting convened by the requistionists and the. “resolved that pursuant to the provisions of section 152 and other applicable provisions of the companies act, 2013,. , to pass, the following resolution as an ordinary resolution: Less formal, no need for explanatory statement.
