The Companies Act No. 17 of 2015Section 258 of The Companies Act No. 17 of 2015: General rules for voting on company resolutions
(1) When a vote on a written resolution put to the members of a company is taken, then—
(a) if the company has a share capital — each member has one vote for each share, or each one hundred shillings of stock, held by the member; and
(b) if the company does not have a share capital — each member has one vote.
(2) When a vote on a resolution is to be taken by the members of a company at a meeting on a show of hands—
(a) each member present in person has one vote; and
(b) each proxy present who has been duly appointed by a member entitled to vote on the resolution has one vote.
(3) When a vote on a resolution is to be taken by the members of a company by a poll—
(a) if the company has a share capital—each member present in person, or each proxy present who has been duly appointed by a member, has one vote for each share, or each one hundred shillings of stock, held by the member; and
(b) if the company does not have a share capital — each member present in person, or each proxy present who has been duly appointed by a member, has one vote.
(4) This section has effect subject to provisions of the company's articles to the contrary.
(5) If the number of votes for and against a proposal are equal, the Members shall refer to the Memorandum and Articles of Association or the Shareholders' Agreement.
Check the current authoritative text and amendment history before relying on this provision.
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(1) In every notice convening a meeting of a company, the company shallinclude a prominently displayed statement informing the member of— (a) the member's rights under section 298; and (b) any more ex…
(1) If, for the purposes of a meeting, invitations are issued at the expense of the company to members to appoint as a proxy a specified person, or a number of specified persons, the company shall iss…
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