Question
As per Section 47 of the Companies Act, 2013, every
member of a company limited by shares and holding equity share capital therein, shall have a right to vote on every resolution placed before the company. Which of the following is true in this regard?Solution
As per Section 47 of the Companies Act, 2013 (a) every member of a company limited by shares and holding equity share capital therein, shall have a right to vote on every resolution placed before the company and (b) his voting right on a poll shall be in proportion to his share in the paid-up equity share capital of the company.
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