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BBWA Act

Overview
  • 1Incorporation
  • 2Power to sue and be sued, and to acquire, hold and transfer property
  • 3Capital Stock and shares
  • 4Registering of names of proprietors. Register to be open to inspection
  • 5Share-certificates
  • 6Transfer of shares
  • 7Proprietors of shares to be members of Association
  • 8First Directors of Association
  • 9Removal and election of Directors
  • 10Directors to go out by rotation
  • 11Election of successor, when Director ceases to be so otherwise than by rotation
  • 12[Repealed]
  • 13Directors to be residents of Bengal Presidency
  • 14[Repealed]
  • 15Adjournment of ordinary meetings
  • 16Extraordinary general meetings
  • 17Voting at general meetings Qualification for voting
  • 18Number of votes to which proprietors entitled
  • 19Votes of joint proprietors shares
  • 20Voting by proxy
Previous: Section 17Next: Section 19
BBWA Act 18

Section 18 · Number of votes to which proprietors entitled

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1* * * At such general meetings, no proprietor shall have more than eight votes, and 2* * * the proprietors shall vote according to the following scale:--- 2 Shares shall entitle to 1 vote. 4 2 votes. 6 3 10 4 20 6 35 7 50 8


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