Explain me please section 265 of company act 1956 and also explain me principal of proportionate representation.
Plz help
(Guest)
2 Replies
ACCOUNTANT
(Student)
(559 Points)
Replied 24 October 2011
Proportional representation (PR) is a generic term describing the voting systems that try to reproduce into a representative body the proportions of the different parts of the constituents - generally in an assembly election, for which such systems were devised. They are meant to solve the inequalities of party representation that happen with plurality voting systems, especially when there are more than two driving forces or when districts are of different sizes.
May be the directors are appointed choosing a representative for every class of Stakeholders of the Company..........
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