Question
Consider the following statements regarding member
rights under the Companies Act, 2013: Statement 1: Every member has a right to attend and vote at General Meetings of the company. Statement 2: A member can appoint a proxy to represent them at General Meetings. Statement 3: Members holding 10% of share capital can demand a postal ballot. Statement 4: A member cannot exercise voting rights if they have a conflict of interest in a particular resolution. Which statements are correct?Solution
Member rights under the Companies Act provisions. Statement 1 is correct—members have fundamental voting rights. Statement 2 is correct—proxy appointment is permitted (Section 105-106). Statement 3 is correct—Section 108 provides for postal ballot (renamed e-voting) when requested by members holding 10% share capital. Statement 4 is incorrect—unlike directors, ordinary shareholders can vote even if they have interest in a resolution; only directors must recuse themselves from voting on interested matters. Statements 1, 2, and 3 are correct.
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