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Section 70
Condition of not being able to participate and vote in the meeting
: (1) No person shall be allowed to participate and vote in the general meeting as a shareholder himself or by his representative in the discussion regarding the restriction of any condition between him and the company.
(2) Accountable for the work done or omitted to be done or wrongly done or appointed, relieved of responsibility, transferred, terminated, given or reduced or increased salary, allowance or bonus or his employment or his concern or interest No director or his shareholder or representative shall be allowed to vote in the discussions held in the general meeting regarding any agreement, contract or contract lease.
(3) A shareholder who does not pay the required amount of share installment will not be allowed to participate in the general meeting and vote.
(4) In the event that a shareholder appoints a representative to the director of the relevant company in accordance with sub-section (2) of section 71, such director shall not be entitled to vote in the general meeting in the capacity of a representative of someone in matters of personal interest or concern or in the matter of appointing him.
(5) Notwithstanding anything written in this Act or prevailing law, a shareholder who takes a loan by pledging or mortgaging his shares in a bank or financial institution established in accordance with the prevailing law may take legal action against him for non-payment of such loan, the relevant bank or If written by the financial institution, the concerned company shall prohibit such shareholder from voting for the period of time when the debt for the shares taken by him is not paid.
(2) Accountable for the work done or omitted to be done or wrongly done or appointed, relieved of responsibility, transferred, terminated, given or reduced or increased salary, allowance or bonus or his employment or his concern or interest No director or his shareholder or representative shall be allowed to vote in the discussions held in the general meeting regarding any agreement, contract or contract lease.
(3) A shareholder who does not pay the required amount of share installment will not be allowed to participate in the general meeting and vote.
(4) In the event that a shareholder appoints a representative to the director of the relevant company in accordance with sub-section (2) of section 71, such director shall not be entitled to vote in the general meeting in the capacity of a representative of someone in matters of personal interest or concern or in the matter of appointing him.
(5) Notwithstanding anything written in this Act or prevailing law, a shareholder who takes a loan by pledging or mortgaging his shares in a bank or financial institution established in accordance with the prevailing law may take legal action against him for non-payment of such loan, the relevant bank or If written by the financial institution, the concerned company shall prohibit such shareholder from voting for the period of time when the debt for the shares taken by him is not paid.