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Section 163 interpretation?

A.C.B (Senior Executive - Finance) (71 Points)

25 April 2015

what does the section 163 interpretate- Proportional representation of appointment of directors

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Nitish Agrawal (CA) (810 Points)
Replied 25 April 2015

This is only in case if articles authorise...further it means that where this section applies vote of members will not be as per there holding of share capital instead it will be like 1 member 1 vote irrespective of there membership rights...this is when single transferable vote method opted and where cumulative method is opted then each member wil be give a right to say for eg 4 votes...now he can give dis 4 votes as per his preferance like for eg.if And B and C are the 3 candidates then each member has right to give those 4 votes to any one...like a member can give 2 votes to A and 2 to B...like that...