VOTE OF SHAREHOLDERS

102.     Members who owe sum on any call not to vote
No member shall be entitled to vote in respect of any shares registered in his name whether singly or jointly with either personally or by proxy at meetings of class or members or upon a poll, on which any calls or sums presently payable by him have not been paid, or in regard to which the Company has exercised any right of lien.

103.     Number of votes to which member entitled

  1. Every member not disqualified by the preceding Articles shall be entitled to be present and to speak and vote at such meeting, and on a show of hands every member present in person or by proxy shall have one vote and upon a poll every member present in person shall one vote for every share held by him either alone or jointly with any other person or persons.

 

  1. The holders of the Cumulative Preference shares shall have no right to vote either in person or by proxy at any general meeting by virtue of or in respect of their holding of Cumulative Preference Shares except that they shall have a right to vote:
  2. On a resolution placed before the Company, which directly affects the rights attached to the preference shares.
  3. If the dividend due on such capital or any part of such dividends has remained unpaid in respect of an aggregate period of not less than two years preceding the date of the commence of the meeting.
  1. Subject as aforesaid every member when present in person shall have one vote on a show of hands and when present in person or by proxy shall have one vote in the event of a poll in respect of shares held by him in the capital of the Company.

 

104.     How member non-compos mentis and minor may vote

The right to exercise the vote of lunatic, idiot or a minor shareholder shall be exercised by the duly constituted curator, committee or other legal guardian.  In the absence of any such duly constituted curator, committee or guardian, if more than one person claim to exercise the right of vote, the Chairman of the meeting may accept the vote of such guardian only as he may select in his absolute discretion

A member who is of unsound mind, or in respect of whom an order has been made by any court having jurisdiction in lunacy, may vote whether on a show of hands or on a poll by his committee or other legal guardian, and any such committee or guardian may, on a poll, vote by proxy.

If any member be a minor, the vote in respect of his share shall be exercised by his guardian, or by any one of his guardians, if more than one, in  case of dispute, however, the Chairman of the meeting may accept the vote of such guardian as he may select in his absolute discretion

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