📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    ⚡ Month End Offer - Flat 52% Off On All Courses! Enroll Now ⚡
    00:00:00 AM Left

    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.  

    Practice Next
    More Financial Management Questions
    ask-question