State the following statement is True or False:
The principle of 'one share one vote' is used in the poll voting method.

True

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False

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Solution

The correct option is A True
As per Section 109 a poll may be demanded by such number of members holding, shares worth minimum value of Rs. Five Lakh or 10% voting power in the Company. Principle of “One share – One vote” is recognized under this method.

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Similar questions

In a cooperative society the principle followed is

(a) One share one vote

(b) One man one vote

(d) Multiple votes

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