law: Companies Act, 2013 
  47.
  
    Voting
  
  rights.
  1.      Subject to the
  
  provisions of section 43 and sub-section (2 ) of section 50,—
  a.     
  
    every
  
  member of a company limited by shares and holding equity share capital therein,
  
  shall have a right to vote on every resolution placed before the company; and
  b.    
  
    his
  
  voting right on a poll shall be in proportion to his share in the paid-up
  
  equity share capital of the company.
  1.     
  2.      Every member of a
  
  company limited by shares and holding any preference share capital therein
  
  shall, in respect of such capital, have a right to vote only on resolutions
  
  placed before the company which directly affect the rights attached to his
  
  preference shares and, any resolution for the winding up of the company or for
  
  the repayment or reduction of its equity or preference share capital and his
  
  voting right on a poll shall be in proportion to his share in the paid-up
  
  preference share capital of the company:
  Provided
  
  that the proportion of the voting rights of equity shareholders to the voting
  
  rights of the preference shareholders shall be in the same proportion as the
  
  paid-up capital in respect of the equity shares bears to the paid-up capital in
  
  respect of the preference shares:
  Provided
  
  further that where the dividend in respect of a class of preference shares has
  
  not been paid for a period of two years or more, such class of preference
  
  shareholders shall have a right to vote on all the resolutions placed before
  
  the company.