Business Studies

State the following statement is True or False:
A method of voting where members can vote in proportion to the number of shares held is called poll.


ANSWER

True


SOLUTION
As per Section 109 a poll may be demanded by such number of members holding, shares worth minimum value of Rs. Five Lakh or 10% voting power in the Company. 
All the members in person or by proxy at a meeting have their voting right in a poll in proportion to the number of shares held by each of them.
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TRUE/FALSE Medium Published on 18th 08, 2020
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