Section 47
Voting rights.—(1) Subject to the 2 2 [provisions of section 43, sub-section (2) of section 50 and subsection (1) of section 188],—
47. Voting rights.—(1) Subject to the 2 2 [provisions of section 43, sub-section (2) of section 50 and subsection (1) of section 188],—
(a) every member of a company limited by shares and holding equity share capital therein, shall have a right to vote on every resolution placed before the company; and
(b) his voting right on a poll shall be in proportion to his share in the paid-up equity share capital of the company.
(2) Every member of a company limited by shares and holding any preference share capital therein shall, in respect of such capital, have a right to vote only on resolutions placed before the company which directly affect the rights attached to his preference shares and, any resolution for the winding up of the company or for the repayment or reduction of its equity or preference share capital and his voting right on a poll shall be in proportion to his share in the paid-up preference share capital of the company:
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