PAYMENT OF UNCLAIMED DIVIDENDS OR UNDISTRIBUTED ASSETS INTO THE COMPANY LIQUIDATION DIVIDEND AND UNDISTRIBUTED ASSETS ACCOUNT IN A WINDING UP (From Rule 179 to Rule 182)
Majority in value voting: resolutions at contributories' meetings pass when the value-weighted present voters approve. Resolutions at a contributories' meeting pass when a majority in value of contributories present personally or by proxy and voting on the resolution vote in favour, with each contributory's value determined by the number of votes to which they are entitled as a member under the Act or the company's articles.
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.
Majority in value voting: resolutions at contributories' meetings pass when the value-weighted present voters approve.
Resolutions at a contributories' meeting pass when a majority in value of contributories present personally or by proxy and voting on the resolution vote in favour, with each contributory's value determined by the number of votes to which they are entitled as a member under the Act or the company's articles.
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