THE MEETINGS OF THE COMPANY. — SPCC STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceSPCCTHE MEETINGS OF THE COMPANY.3 Marks
Question
When can Restriction on Voting Right?
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Answer
The company may put a restriction on the voting right of any member, as per Articles of Association, under the following circumstances:
(1) A shareholder who has not deposited installment which is due to him.(2) If the company has a lien on the shares of the share holder in such circumstances the company can restrict the right of voting.
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