Section 293. General rules on voting
(1) Unless otherwise provided in the constitution—
(a) in the case of a company having a share capital—
(i) on a vote on a written resolution, every member shall have one vote in respect of each share or stock held by him;
(ii) on a vote on a resolution on a show of hands at a meeting, every member shall have one vote; or
(iii) on a vote on a resolution on a poll taken at a meeting, every member shall have one vote in respect of each share or stock held by him; and
(b) in the case of a company not having a share capital, every member shall have one vote.
(2) Notwithstanding paragraph (1)(a), no member shall be entitled to vote at a meeting unless all calls or other sums presently payable by the member in respect of shares in the company has been paid.
Last updated