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      Question

      Every member of a company limited by shares and holding

      any preference share capital therein shall, in respect of such capital, have a right to vote_______________
      A All the resolutions placed before the company Correct Answer Incorrect Answer
      B Only on resolutions placed before the company which directly affect the rights attached to his preference shares Correct Answer Incorrect Answer
      C Any resolution for the winding up of the company or for the repayment or reduction of its equity or preference share capital Correct Answer Incorrect Answer
      D All the above Correct Answer Incorrect Answer
      E Both (b) & (c) Correct Answer Incorrect Answer

      Solution

      Section 47.Voting rights- (2) Every member of a company limited by shares and holding any preference share capital therein shall, in respect of such capital, have a right to vote only on resolutions placed before the company which directly affect the rights attached to his preference shares and, any resolution for the winding up of the company or for the repayment or reduction of its equity or preference share capital and his voting right on a poll shall be in proportion to his share in the paid-up preference share capital of the company.

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