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)
Proxy voting restriction forbids proxies from voting on resolutions that would confer financial benefit on them or their employers. A holder of a general or special proxy must not vote on any resolution that would directly or indirectly place the proxy-holder, their partner, or their employer in a position to receive remuneration out of the company's assets except as a creditor ratably with other creditors; this prohibition applies to proxy voting at meetings of creditors and contributories in the winding-up context.
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.
Proxy voting restriction forbids proxies from voting on resolutions that would confer financial benefit on them or their employers.
A holder of a general or special proxy must not vote on any resolution that would directly or indirectly place the proxy-holder, their partner, or their employer in a position to receive remuneration out of the company's assets except as a creditor ratably with other creditors; this prohibition applies to proxy voting at meetings of creditors and contributories in the winding-up context.
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