Section 47 — Voting rights

(1) Subject to the 2[provisions of section 43, sub-section (2) of section 50 and sub-
section (1) of section 188],—
(a) every member of a company limited by shares and h olding equity share capital therein, shall
have a right to vote on every resolution placed before the company; and
(b) his voting right on a poll shall be in proportion to his share in the paid -up equity share capital
of the company.
(2) Every member of a company limited by shares and holding any preference share capital therein
shall, in respect of such capital, have a right to vote only on resolutions placed before the company which
directly affect the rights attached to his preference shares and, any res olution for the winding up of the
company or for the repayment or reduction of its equity or preference share capital and his voting right on
a poll shall be in proportion to his share in the paid-up preference share capital of the company:

1. Subs. by Act 21 of 2015, s. 7, for “issued under the common seal of the company” (w.e.f. 29-5-2015).
2. Subs. by Act 1 of 2018, s. 11, for “provisions of section 43 and sub-section (2) of section 50” (w.e.f. 9-2-2018).

Provided that t he proportion of the voting rights of equity shareholders to the voting rights of the
preference shareholders shall be in the same proportion as the paid-up capital in respect of the equity shares
bears to the paid-up capital in respect of the preference shares: