In Companies, major decisions are taken by the board of directors. These decisions are in the form of resolution such as directors appointment and change in auditor. A resolution is an agreement made by the members of the company in a meeting. It is a document in writing dealing with significant decisions. The Companies Act, 2013 discusses about two types of resolution ordinary, and special resolution. The MOA and AOA of a company regulate the resolutions. It can be rendered at both the general or board meetings. Here in this article, we will be discussing about the concept of resolution under the Companies Act 2013, types of resolution under the Companies Act.

Definition of Resolution under Companies Act, 2013

In simple terms, a resolution is a firm decision for doing an act. There are two types of resolution under the Companies Act.

Ordinary Resolution

Special Resolution