Counting votes in a meeting

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2010 I would like toknow what is the basis for passing a resolution by cotes or poll ?

Is 1 share holder = 1 vote or
10share = 10vote

Please clarify the basis of counting the votes in case passing resolutions.

Its very very very urgent.

Ankur Garg

Ankur Garg (Expert)
Follow

20 February 2010 Normally one shareholder is equal to 1 vote.

But when poll is taken the situation is different. In poll value is counted.

For example if you are holding 80% share capital.

Then in Normal voting your only 1 vote counted as one shareholder is equal to 1 vote.

But when poll is taken the situation is different and your vote is most imp. If you vote against the resolution then such resolution can not be passed.

Regards

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now