The Ministry of Finance is in the process of strengthening the regulatory framework of the commodity derivative markets for some time. As part of this process, greater empowerment of Forward Markets Commission (FMC), the market regulator is also bei
The Articles of association of the company allow the Chairman to have a casting vote in case of a deadlock. At the beginning of a general meeting the chairman is appointed by show of hands pursuant to Section 104 of the Companies Act 2013. When a poll on the same is called it leads to a deadlock due to which the Chairman uses his casting vote to appoint himself Chairman for the rest of the meeting. Would he be allowed to do so??