Restriction on voting rights
📚 Law Minded summary
The articles may bar a member from voting while calls on their shares are unpaid, or where the company has exercised a lien over the shares.
Apart from those grounds, no other restriction may be imposed. A member who votes cannot be stopped from splitting their votes on the same resolution.
(1) Notwithstanding anything contained in this Act, the articles of a company may provide that no member shall exercise any voting right in respect of any shares registered in his name on which any calls or other sums presently payable by him have not been paid, or in regard to which the company has exercised any right of lien.
(2) A company shall not, except on the grounds specified in sub-section (1), prohibit any member from exercising his voting right on any other ground.
(3) On a poll taken at a meeting of a company, a member entitled to more than one vote, or his proxy, where allowed, or other person entitled to vote for him, as the case may be, need not, if he votes, use all his votes or cast in the same way all the votes he uses.