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Companies Act, 1973 (Act No. 61 of 1973)

Chapter VII: Administration of Companies

Voting Rights and Voting

193. Voting rights of shareholders

 

 

1) Subject to the provisions of sections 194 and 195 and to the exceptions stated in section 196, every member of a company having a share capital shall have a right to vote at meetings of that company in respect of each share held by him.

 

2) Every member of a company limited by guarantee shall, unless the articles otherwise provide, have the right to vote at meetings of that company and shall have one vote.