Malaysia legislation
Section 69
Section 69
(a)
any member elected by those members may be chairman of the meeting; and
(b)
every member shall have one vote in respect of each share held by him.
71
Langkawi International Yachting Companies
(2)
On a poll taken at a meeting, a person entitled to more than one vote need not, if he votes, use all his votes or cast all the votes he uses in the same way.
(3)
A corporation may, by resolution of its directors or other governing body—
(a)
if it is a member of a Langkawi company, authorize such person as it thinks fit to act as its representative either at a particular meeting of members or at all meetings of members of the company or of any class of members;
or
(b)
if it is a creditor, including a holder of debentures, of a
Langkawi company, authorize such person as it thinks fit to act as its representative either at a particular meeting of members or at all meetings of any creditors of the company, and a person so authorized shall, in accordance with his authority and until his authority is revoked by the corporation, be entitled to exercise, on behalf of the corporation, the same powers as the corporation could exercise if it were an individual member, creditor or holder of debentures of the company.
(4)
Where—
(a)
a person present at a meeting of members is authorized to act as the representative of a corporation at the meeting by virtue of an authority given by the corporation under subsection (3); and
(b)
the person is not otherwise entitled to be present at the meeting, the corporation shall, for the purposes of subsection (1), be deemed to be personally present at the meeting.
(5)
A certificate under the seal of the corporation shall be prima facie evidence of the appointment or revocation of the appointment (as the case may be) of a representative pursuant to subsection (3).
(6)
Where—
(a)
a holding company is beneficially entitled to the whole of the issued shares of a subsidiary; or
72
Act 643
(b)
a Langkawi company has only one member, and a minute is signed by a representative of the holding company authorized pursuant to subsection (3) or signed by the sole member stating that any act, matter or thing, or any ordinary or special resolution, required by this Act or by the memorandum or articles of association of the subsidiary to be made, performed, or passed by or at an annual general meeting or an extraordinary general meeting of the subsidiary or the Langkawi company has been made, performed, or passed, that act, matter, thing or resolution shall, for all purposes, be deemed to have been duly made, performed, or passed by or at an annual general meeting, or as the case requires, by or at an extraordinary general meeting of the subsidiary.
Voting by members