Section - 87 - Companies Act, 1956

Section - 87 - Voting rights

Voting rights.

87. (1) Subject to the provisions of

and sub-section (2) of

,—

(a) every member of a company limited by shares and holding any equity share capital therein shall have a right to vote, in respect of such capital, on every resolution placed before the company; and

(b) his voting right on a poll shall be in proportion to his share of the paid-up equity capital of the company.

(2)(a) Subject as aforesaid and save as provided in clause (b) of this sub-section, 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.

Explanation : Any resolution for winding up .... To read the full section download the app from Google Play store