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    <title>1950 (9) TMI 11 - HIGH COURT OF MADRAS</title>
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    <description>A company-law note on shareholder voting at an adjourned poll explains that a chairman&#039;s right under the articles continues only while he is willing to act, so shareholders may elect another chairman if he declines to preside. It also states that proxy voting is governed by contract and agency principles, meaning proxies remain revocable unless the articles exclude revocation, provided notice is given in time. Further, proxies cannot be rejected as insufficiently stamped without regard to the articles or without allowing a fair opportunity to cure the defect. On that reasoning, the excluded votes affected the poll result and the resolutions were treated as defeated.</description>
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    <pubDate>Thu, 07 Sep 1950 00:00:00 +0530</pubDate>
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      <title>1950 (9) TMI 11 - HIGH COURT OF MADRAS</title>
      <link>https://www.taxtmi.com/caselaws?id=97075</link>
      <description>A company-law note on shareholder voting at an adjourned poll explains that a chairman&#039;s right under the articles continues only while he is willing to act, so shareholders may elect another chairman if he declines to preside. It also states that proxy voting is governed by contract and agency principles, meaning proxies remain revocable unless the articles exclude revocation, provided notice is given in time. Further, proxies cannot be rejected as insufficiently stamped without regard to the articles or without allowing a fair opportunity to cure the defect. On that reasoning, the excluded votes affected the poll result and the resolutions were treated as defeated.</description>
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      <pubDate>Thu, 07 Sep 1950 00:00:00 +0530</pubDate>
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