: (1) When voting for the election of directors, except as otherwise provided in the regulations, each shareholder shall have the right to vote by the number of votes equal to the number of directors to be appointed multiplied by the number of shares held by him, and the shareholder voting in such manner shall have the right to vote. He can cast all his votes for a single candidate or for more than one candidate in such a way that he divides them as specified by him.
(2) An organized organization entitled to appoint directors in accordance with this Act or regulations may appoint directors in proportion to the shares held by it and in such a case shall not be entitled to vote in the election. However, an organization that cannot appoint a single director in proportion to the number of shares and the total number of directors, or does not appoint a director using the right of this sub-section, to participate in the election of directors representing the shareholders, to vote like other shareholders, or to nominate up to the number of directors who can be elected in proportion to the shares held by such an organization. can give