https://www.taxtmi.com/article/detailed?id=16684 Shareholder voting on behalf of an institutional shareholder must be assessed by lawful authority rather than by the order in which rival instructions are received. Where competing factions claim the right to exercise voting rights attached to shares, the decisive inquiry is whether the person casting the vote was duly authorised under the entity's constitutive documents, internal governance records, and applicable corporate law. A vote cast by an unauthorised person does not become valid merely because it was submitted first; procedural speed cannot cure a defect in authority. en-us Thu, 18 Jun 2026 08:46:01 +0530 Thu, 18 Jun 2026 08:46:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16684 Shareholder voting on behalf of an institutional shareholder must be assessed by lawful authority rather than by the order in which rival instructions are received. Where competing factions claim the right to exercise voting rights attached to shares, the decisive inquiry is whether the person casting the vote was duly authorised under the entity's constitutive documents, internal governance records, and applicable corporate law. A vote cast by an unauthorised person does not become valid merely because it was submitted first; procedural speed cannot cure a defect in authority. Articles Corporate Laws / IBC / SEBI Thu, 18 Jun 2026 08:46:01 +0530 https://www.taxtmi.com/article/detailed?id=16684