CAF-4 · Chapter 22 · Question 6 of 11
During a general meeting, a group of shareholders wants to demand a poll on a controversial resolution. What is the minimum requirement for their demand to be valid?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) They must hold not less than 10% of the voting power.
Explanation
Under the Companies Act, the chairman is bound to accept a demand for a poll if it is made by members present in person or by proxy holding not less than 10% of the voting power.
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