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      Question

      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.
      A Authorized Correct Answer Incorrect Answer
      B Subscribed Correct Answer Incorrect Answer
      C Issued Correct Answer Incorrect Answer
      D Paid-up Correct Answer Incorrect Answer
      E Called-up Correct Answer Incorrect Answer

      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) 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. Snapshot from study notes of the ixamBee SEBI course covering topic in crisp and easy to remember format

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