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Companies (Court) Rules, 1959

226. Holder of proxy not to vote on matter in which he is financially interested

No person acting either under a general or special proxy shall vote in favor of any resolution which would directly or indirectly place himself, his partner or employer in a position to receive any remuneration out of the assets of the company otherwise than as a creditor rateably with the other creditors of the company.

Companies   (Court) Rules, 1959 Back

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