https://www.taxtmi.com/caselaws?id=97046 A company's articles were construed as a whole to determine whether a general meeting could, by ordinary resolution, increase the number of directors beyond a stated maximum and appoint additional directors; the broad power to increase or reduce directors was held effective, and the resolution was valid. By contrast, an ordinary resolution could not remove managing agents where the articles required an extraordinary resolution at a specially convened meeting with a qualified majority; that contractual and shareholder protection was upheld, and the removal resolution was invalid. The governing principle was that a general power may override a numerical limit only where the articles support that construction, but an express special-majority safeguard cannot be displaced by a lesser resolution. en-us Thu, 15 Dec 1949 00:00:00 +0530 Fri, 13 Jan 2012 17:35:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97046 A company's articles were construed as a whole to determine whether a general meeting could, by ordinary resolution, increase the number of directors beyond a stated maximum and appoint additional directors; the broad power to increase or reduce directors was held effective, and the resolution was valid. By contrast, an ordinary resolution could not remove managing agents where the articles required an extraordinary resolution at a specially convened meeting with a qualified majority; that contractual and shareholder protection was upheld, and the removal resolution was invalid. The governing principle was that a general power may override a numerical limit only where the articles support that construction, but an express special-majority safeguard cannot be displaced by a lesser resolution. Case-Laws Companies Law Thu, 15 Dec 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97046