As per section 47 of Companies Act, 2013, every member of a company limited by shares and holding equity share capital shall have a right to vote on every resolution placed before the company and his voting right shall be in proportion to his share in the _________ equity share capital of the company.

Solution

Section 47 – Voting Rights 1) Subject to the provisions of section 43, sub-section (2) of section 50 and sub-section (1) of section 188: a) everymemberof acompany limited by sharesand holding equitysharecapital therein, shall have a right to vote on every resolution placed beforethe company;and b) hisvoting righton a poll shall be in proportion to his share in the paid-up equity share capital ofthe company. Snapshot from study notes of the ixamBee SEBI course covering topic in crisp and easy to remember format