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      Question

      Subject to the provisions of Section 47 of Companies

      Act, 2013, the proportion of the voting rights of equity shareholders in a company shall be in relation to their share in the ________.
      A Authorised equity share capital Correct Answer Incorrect Answer
      B Paid-up equity share capital Correct Answer Incorrect Answer
      C Issued equity share capital Correct Answer Incorrect Answer
      D Called-up equity share capital Correct Answer Incorrect Answer
      E Subscribed equity share capital Correct Answer Incorrect Answer

      Solution

      As stated under Section 47, (1) Subject to the  provisions of section 43, sub-section (2) of section 50 and sub-section (1) of section 188,— (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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