NOTES ON EFFECTIVE PROVISIONS OF COMPANIES ACT 2013


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RESTRICTION ON VOTING RIGHTS [SECTION 106]

The articles of a company may provide that no member shall exercise any voting right in respect of any shares registered in his name on which any calls or other sums presently payable by him have not been paid, or in regard to which the company has exercised any right of lien.

A company shall not restrict or prohibit any member from exercise his voting right on any other ground.

A member or his proxy is allowed to exercise all his vote differently. For example, a member with three votes may exercise one vote in favour and two against a same resolution.

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