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    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 . The vote is in proportion to his /her share in the ___________ of the company.  
    A Authorised equity share capital Correct Answer Incorrect Answer
    B Issued equity share capital Correct Answer Incorrect Answer
    C Paid-up equity share capital Correct Answer Incorrect Answer
    D Total Authorised share capital Correct Answer Incorrect Answer
    E Total Paid-up share capital Correct Answer Incorrect Answer

    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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