Section 163 of companies act 2013
This query is : Resolved
28 April 2015
sec 163- option to adopt principle of proportionate represntation . i m unable to understand this section can anyone please help me.
28 April 2015
Meaning of Proportional Representation
The system of election, wherein parties standing for a post, gets voted in proportion to the number of votes cast for them. In the context, we are discussing herein, it means Election of directors by the Shareholders by different methods, mainly two methods, whereby shareholders gets a chance to vote for their choice of Director in the proportion of his holding.
The system of election, wherein parties standing for a post, gets voted in proportion to the number of votes cast for them. In the context, we are discussing herein, it means Election of directors by the Shareholders by different methods, mainly two methods, whereby shareholders gets a chance to vote for their choice of Director in the proportion of his holding.
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