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present shall choose another Director as Chairman, and if no Director be present, or if all the Directors present decline to take the chair, or if the Chairman chosen shall retire from the chair, then the shareholders present in person and entitled to vote shall choose one of their own number to be Chairman.
(2) While the chair is vacant, no business shall be transacted or dis- cussed at any general meeting, save the appointment of a Chairman or the adjournment of the meeting.
67. If within half an hour from the time appointed for the meeting a quorum is not present, the meeting, if convened by or upon any such requi- sition as aforesaid, shall be dissolved; but in any other case it shall stand adjourned to such day and at such time and place as shall be decided by the Chairman, and if at such adjourned meeting a quorum be not present, those shareholders who are present shall be a quorum and may transact the business for which the meeting was called.
68. Subject to the provisions of Regulation 67 the Chairman of a general meeting may, with the consent of the meeting, adjourn the same from time to time and from place to place; but no business shall be trans- acted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place.
When, if quorum not Meeting to
present,
be dissolved and when
to be adjourned.
Power to chairman to
adjourn Meeting.
Business at adjourned Meeting.
tions to be decided at
69. Every question submitted to a meeting shall be decided in the first How ques- instance by a show of hands of the shareholders present in person and en- titled to vote. In case of an equality of votes the Chairman shall, both Meeting. on a show of hands and at the poll. have a second or casting vote in addi- tion to the vote or votes to which he may be entitled as a shareholder.
70. At any general meeting, unless a poll is demanded by at least one fifth in number of the shareholders personally present and entitled to vote. a declaration by the Chairman that a resolution has been carried or carried by a particular majority, or lost, or not carried by a particular majority shall be conclusive evidence of the fact without proof of the number or propor- tion of the votes recorded in favour of or against such resolution.
71. If a poll is demanded as aforesaid, it shall be taken in such man- ner and at such time and place as the Chairman of the meeting directs and either at once, or after an interval or adjournment, or otherwise, and the result of the poll shall be deemed to be the resolution of the meeting at which the poll was demanded. The demand for a poll may be withdrawn.
72. Any poll duly demanded on the election of a Chairman of a meet- ing or on any question of adjournment shall be taken at the meeting and without adjournment.
73. The demand for a poll shall not prevent the continuance of a meet- ing for the transaction of any business other than the question on which a poll has been demanded.
Votes of Shareholders.
74. On a show of hands every shareholder personally present, holding five shares or more, shall have one vote. In case of a poll every shareholder holding five shares shall have one vote for the first five shares and one vote for every twenty shares over and above the first five shares.
Evidence of
the passing of a resolu poll not
tion where
demanded.
Pall
In what cases Poll taken without ad- journment.
Other busi- ness may proceed not withstanding demand for poll.
Number of
votes of share-
holders,
holders.
75. Where there are joint registered holders of any share, that one of Junt the said persons so present in person or by proxy, whose name stands first on the shareholders' registers in respect of such share, shall alone be entitled to vote in respect thereof either in person or by proxy. Several Executors or Administrators of a deceased shareholder in whose name any share stands shall for the purposes of this article be deemed joint holders thereof.