Section 259 of The Companies Act No. 17 of 2015: Specific requirements for voting on company resolutions

    

(1) If a member entitled to vote on a resolution has appointed one proxy only,and the company’s articles provide that the proxy has fewer votes in a vote on a resolution on a show of hands taken at a meeting than the member would have if the member were present in person—
(a) the provision of the articles on the number of votes the proxy has on a show of hands is void; and
(b) the proxy has the same number of votes on a show of hands as the member who appointed the proxy would have if the member were present at the meeting.
(2) If a member entitled to vote on a resolution has appointed more than one proxy, subsection (1) applies as if the references to the proxy were references to the proxies taken together.


Disclaimer: This document is not to be taken as legal advise.

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