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Law No: 10/96 (An Unofficial Translation)
Right to attend general meetings
59. Every member or his proxy shall have the right to attend every general meeting of the company. The proxy shall be appointed in writing. The proxy shall have the right to express and vote at the meeting.
Chairman of the general meeting
60. The Chairman of the Board of Directors shall chair every general meeting. If the Chairman is unable to attend the meeting then the members present shall elect one of their number to the chair.
Minutes
61. Every company shall maintain minutes of its general meetings.
Voting
62. (a) Voting at all meetings of a company shall be by a show of hands unless a poll is demanded by members representing not less than 10% of the shares of the company.
(b) on a vote taken by a show of hands every member present shall have one vote.
(c) on a poll each shareholder shall have one vote for each share he holds.
(d) a decision taken by a poll cannot be changed.
(e) this section does not prevent, the articles of association of the company from stipulating in accordance with regulations made under this Act, the manner in which the holders of preference shares as stated in section 30 of this Act votes in t he General Meetings for the declaration of dividends or for the winding up resolution.
