Which type of resolution is known for allowing a specified class of shareholders to vote?

Prepare for the Professional Legal Training Course Company Law Exam with flashcards and multiple choice questions. Each question comes with hints and explanations for effective learning. Get ready for your exam!

The type of resolution that allows a specified class of shareholders to vote is a separate resolution. This concept is fundamental in corporate governance and ensures that different classes of shares, which may have distinct rights and obligations, are able to express their will independently when decisions affecting their class specifically are made.

Separate resolutions are particularly important in scenarios where certain classes of shareholders may not have the same interests as others, such as preferred shareholders versus common shareholders. By allowing for a separate voting process, the corporation can accommodate the diverse interests represented among its shareholders while ensuring that decisions are made in a fair and equitable manner for each class.

In contrast, an ordinary resolution typically requires a simple majority from all shareholders and does not specifically address the needs of individual classes. Consent resolutions generally pertain to unanimous agreement among all shareholders, and unanimous resolutions mandate consensus without allowing for class-specific representation. Thus, separate resolutions are essential for protecting the rights and interests of various classes of shareholders in corporate decision-making.

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