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
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