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Section 250 Companies and Allied Matters Act (CAMA) 2020

Section 250 CAMA 2020

Section 250 Companies and Allied Matters Act is about Voting on a poll. It is under Chapter 10 (Meetings and Proceedings of Companies) of the Act.

(1) On a poll taken at a meeting of a company, or a meeting of any class of members of a company, a member entitled to more than one vote, if he votes, need not use all his votes or cast all the votes he uses in the same way.

(2) Except as provided in subsection (4), if a poll is duly demanded, it shall be taken in such manner as the chairman directs, and the result of the poll is deemed to be the resolution of the meeting at which the poll was demanded.

(3) In the case of an equality of votes, whether on a show of hands or on a poll, the chairman of the meeting at which the show of hands takes place or at which the poll is demanded, shall be entitled to a second or casting vote.

(4) A poll demanded on the election of a chairman or on a question of adjournment is taken immediately, and on any other question is taken at such time as the chairman of the meeting directs, and any business other than that upon which a poll has been demanded may be proceeded with pending the taking of the poll.

See also  Section 217 Companies and Allied Matters Act (CAMA) 2020

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