Casting vote
This query is : Resolved
03 September 2018
Dear Experts,
What is a casting vote/second vote by chairman ? Could you please provide the relevant section under the Companies Act, 2013 which governs the provisions of casting vote.
What is a casting vote/second vote by chairman ? Could you please provide the relevant section under the Companies Act, 2013 which governs the provisions of casting vote.
03 September 2018
The casting vote is generally referred to as the second vote and this power is given to the chairman to resolve he deadlock. Although he has no common law right but this power is generally given in the AOA of the Co. this is also known as second vote
Unless otherwise provided in the Articles, in case of an equality of votes, the Chairman shall have a second or casting vote
Unless otherwise provided in the Articles, in case of an equality of votes, the Chairman shall have a second or casting vote
Message likes :
1 times
04 September 2018
Thanks for the information Sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- GST ON DAMAGED GOODS
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
