For the subdivision or consolidation of shares, which resolution is required?

The resolution required for the subdivision or consolidation of shares is an ordinary resolution. This is because the Companies Act specifies that certain changes in share structure, such as the subdivision (splitting) or consolidation (combining) of shares, generally need to be decided by the shareholders through a simple majority of votes at a general meeting. An ordinary resolution is sufficient to approve these types of changes, reflecting the standard practice for decisions that do not significantly alter the fundamental character of the company.

In contrast, an extraordinary resolution is typically needed for more exceptional decisions, such as changing the company's articles of association or winding up the company. A supermajority resolution would require a higher threshold of votes, often prescribed for particularly significant matters like mergers or amendments to significant rights. Additionally, a board resolution involves decisions made by the board of directors rather than the shareholders and is not suitable for matters such as share capital changes. Thus, for the subdivision or consolidation of shares, an ordinary resolution is the appropriate choice.