In the case of share redemption, which resolution is typically required?

In the context of share redemption, the resolution typically required is a special resolution. This is because share redemption involves significant decisions regarding the company's capital structure, which can affect shareholders' rights and the company's financial position. A special resolution typically requires a higher threshold for approval compared to an ordinary resolution, often needing at least 75% of the votes cast to be in favor.

While an ordinary resolution can be used for routine decisions, share redemption is considered pivotal and hence warrants the special resolution process. Other forms of resolutions, like board resolutions, relate to decisions made by the board of directors rather than the shareholders, and a majority resolution is not a commonly recognized formal category in this context. A special resolution is designed to ensure that such significant changes have both thorough consideration and a strong mandate from shareholders.