Section 106 of Companies Act 2013-Restriction on voting rights.
Section 106(1) of Companies Act 2013
Notwithstanding anything contained in this Act, the articles of a company may provide that no member shall exercise any voting right in respect of any shares registered in his name on which any calls or other sums presently payable by him have not been paid, or in regard to which the company has exercised any right of lien.
Section 106(2) of Companies Act 2013
A company shall not, except on the grounds specified in sub-section (1), prohibit any member from exercising his voting right on any other ground.
Section 106(3) of Companies Act 2013
On a poll taken at a meeting of a company, a member entitled to more than one vote, or his proxy, where allowed, or other person entitled to vote for him, as the case may be, need not, if he votes, use all his votes or cast in the same way all the votes he uses.
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