https://www.taxtmi.com/caselaws?id=96561 Co optation of individuals to fill shareholders' director vacancies was held ultra vires where the articles prescribe a different mode of filling vacancies; such acts cannot be validated by ordinary majority action and shareholders are entitled to elect directors to those vacancies. An individual shareholder may maintain suit to restrain or set aside such illegal acts when they derogate from the shareholders' right to elect management and internal remedies are inadequate. A demanded poll is a legal continuation of the original general meeting; the chairman must fix another time to take an interrupted poll rather than permit vacancies to be filled by ultra vires co optation. en-us Thu, 29 Jan 1931 00:00:00 +0530 Mon, 09 Jan 2012 13:11:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96561 Co optation of individuals to fill shareholders' director vacancies was held ultra vires where the articles prescribe a different mode of filling vacancies; such acts cannot be validated by ordinary majority action and shareholders are entitled to elect directors to those vacancies. An individual shareholder may maintain suit to restrain or set aside such illegal acts when they derogate from the shareholders' right to elect management and internal remedies are inadequate. A demanded poll is a legal continuation of the original general meeting; the chairman must fix another time to take an interrupted poll rather than permit vacancies to be filled by ultra vires co optation. Case-Laws Companies Law Thu, 29 Jan 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96561