Who has the authority to propose ordinary resolutions?

The authority to propose ordinary resolutions in a company typically lies with shareholders holding at least 5% of the voting rights. This provision ensures that a significant minority of shareholders can initiate proposals for consideration at general meetings, allowing for a greater representation of shareholder interests within corporate governance.

Ordinary resolutions are commonly used to carry out ordinary business activities, such as the appointment of directors, approval of dividends, and other routine matters. By requiring 5% ownership, the regulation sets a threshold that balances the ability of shareholders to influence company management while preventing frivolous or disruptive proposals from minority shareholders who might represent a very small fraction of ownership.

Shareholders with less than this threshold may not have sufficient economic interest to warrant the right to propose resolutions, which helps maintain orderly governance. This framework fosters a more collaborative decision-making process, aligning with the principle that shareholders, as part-owners, should have a voice in matters affecting the company.

Overall, option C is correct because it reflects the regulatory landscape where a specific level of shareholding empowers shareholders to propose resolutions, ensuring appropriate corporate governance practices.