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_______________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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