Right to vote in general meeting

Right to vote in general meeting

(1) Except as otherwise provided in this Act or the articles of association of a company, only the person whose name is registered as a shareholder in the shareholder register shall, subject to Section 70, be entitled to attend the general meeting and cast votes at the rate of one vote for each share held by him.

(2) Except in cases where the articles of association of a company prohibit the proxy of a shareholder from exercising the right to vote, any shareholder may, subject to this Section, appoint another person as his proxy to attend the general meeting and vote instead of him/herself.

(3) Subject to Sub-section (1) or (2) , where a shareholder who is entitled to vote is not able to personally attend the meeting, he/she may appoint a proxy to vote in his/her stead, by an instrument of proxy executed in the prescribed format and signed by him/her and the proxy so appointed shall be entitled to attend or vote in the meeting , subject to the provisions contained in Section 72.

(4) where two or more persons jointly hold any shares, only the vote cast or instrument of proxy executed by the partner appointed by such partners or by the proxy appointed by that partner pursuant to Sub-section(2),and failing such appointment of any partner, by the partner whose name appears first in the serial order, out of the partners, in the shareholder register maintained pursuant to Section 46 shall be valid.