TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 109 Companies Act: When Members Can Demand a Poll and How Poll Results Bind Company Decisions</h1> Section 109 of the Companies Act, 2013 provides that before or upon declaration of a show-of-hands result, the chairperson may on their own, or must on a valid demand, order a poll. In companies with share capital, the demand must come from members (in person or proxy) holding at least one-tenth of total voting power or paid-up shares of at least five lakh rupees or a higher prescribed amount. In other companies, members must hold at least one-tenth of total voting power. The demand may be withdrawn. Polls on adjournment or chairperson appointment are taken immediately; other polls within forty-eight hours as directed by the chairperson, who appoints scrutineers and regulates the poll. Poll results are final as the meeting's decision.
TaxTMI 
TaxTMI 
