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Director who is also shareholder
A Director of a company is also a shareholder in it. Can he exercise voting rights in the general meeting as a member?
Replies (1)
Yes. His duties as a director are fiduciary. So he can't vote on any related party transactions in board meeting. But his rights as a shareholder are of his personal interest and can vote on all resolutions put up in general meeting except for s188 transactions. However this restriction is also doesnt apply for a pvt co.
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