Voting majority principle for contributories' resolutions requires majority in number and value of votes present and voting. A resolution at a contributories' meeting is passed when a majority in number and value of contributories present personally or by proxy and voting on the resolution vote in favour; the value of each contributory is determined by the number of votes he is entitled to as a member under the Act or the company's regulations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Voting majority principle for contributories' resolutions requires majority in number and value of votes present and voting.
A resolution at a contributories' meeting is passed when a majority in number and value of contributories present personally or by proxy and voting on the resolution vote in favour; the value of each contributory is determined by the number of votes he is entitled to as a member under the Act or the company's regulations.
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