Act Number: 63

Act Name: The State Financial Corporations Act, 1951

Year: 1951

Enactment Date: 1951-10-31

Long Title: An Act to provide for the establishment of State Financial Corporations.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 4G: Proxy voting.
    1[4G. Proxy voting.--In a general meeting referred to in clause (b) of sub-section (1) of section 4D and sub-section (1) of section 4E, the resolution for conversion or reduction of share capital shall be passed by shareholders entitled to vote, voting in person, or, where proxies are allowed, by proxy, and the votes cast in favour of the resolution are not less than three times the number of votes, if any, cast against the resolution by shareholders so entitled and voting.]
Notes:
1. Ins. by Act 39 of 2000, s. 6 (w.e.f. 5-9-2000).
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