Companies Act, 1973 (Act No. 61 of 1973)Chapter VII: Administration of CompaniesVoting Rights and Voting193. Voting rights of shareholders |
1) | Subject to the provisions of sections 194 and 195 and to the exceptions stated in section 196, every member of a company having a share capital shall have a right to vote at meetings of that company in respect of each share held by him. |
2) | Every member of a company limited by guarantee shall, unless the articles otherwise provide, have the right to vote at meetings of that company and shall have one vote. |