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

    Practice Next
    More Financial Management Questions
    ask-question