14Voting at annual general meetings

14 Voting at annual general meetings

Section 30G of the Principal Act is amended: (a) by omitting from sub‑section (2) “Where” and substituting “Subject to sub‑section (3), where”; (b) by omitting sub‑sections (4), (5) and (6) and substituting the following sub‑sections: “(4) Subject to sub‑section (7), where a motion of the kind referred to in sub‑paragraph 30B(4)(d)(i) is moved at an annual general meeting, that motion shall be taken to have been passed if, and only if‑ (a) the number of votes cast by virtue of sub‑section (1) in support of the motion, either in person or by proxy, by persons entered on the register referred to in that sub‑section constitutes a majority of the votes cast by virtue of that sub‑section, either in person or by proxy, by persons entered on that register; and (b) the number of votes cast by virtue of sub‑section (2) in support of the motion, either in person or by proxy, by persons entered on the register referred to in that sub‑section constitutes a majority of the votes cast by virtue of that sub‑section, either in person or by proxy, by persons entered on that register. “(5) Where a motion of the kind referred to in sub‑paragraph 30B(4)(d)(ii) is moved at an annual general meeting, the motion shall be taken to have been passed unless‑ (a) the number of votes cast by virtue of sub‑section (1) against the motion, either in person or by proxy, by persons entered on the register referred to in that sub‑section and entitled to vote exceeds 75% of the number of votes that would have been cast by virtue of that sub‑section if all persons entered on that register on the day of closure of that register for the purposes of the meeting and entitled to vote had voted on the motion; and (b) the number of votes cast by virtue of sub‑section (2) against the motion, either in person or by proxy, by persons entered on the register referred to in that sub‑section and entitled to vote exceeds 75% of the number of votes that would have been cast by virtue of that sub‑section if all persons entered on that register on the day of closure of that register for the purposes of the meeting and entitled to vote had voted on the motion. “(6) Where a motion of the kind referred to in sub‑paragraph 30B(4)(d)(iii) is moved at an annual general meeting, the motion shall be taken to have been passed if, and only if‑ (a) the number of votes cast by virtue of sub‑section (1) in support of the motion, either in person or by proxy, by persons entered on the register referred to in that sub‑section and entitled to vote exceeds 75% of the votes that would have been cast by virtue of that sub‑section if all persons entered on that register on the day of closure of that register for the purposes of the meeting and entitled to vote had voted on the motion; and (b) the number of votes cast by virtue of sub‑section (2) in support of the motion, either in person or by proxy, by persons entered on the register referred to in that sub‑section and entitled to vote exceeds 75% of the number of votes that would have been cast by virtue of that sub‑section if all persons entered on that register on the day of closure of that register for the purposes of the meeting and entitled to vote had voted on the motion.”; and (c) by omitting sub‑section (9) and substituting the following sub‑section: “(9) For the purposes of sub‑sections (5) and (6), every person who was entered on a register on the day of closure of the register for the purposes of an annual general meeting shall be taken to be entitled to vote at the meeting by virtue of being so entered on the register unless the Corporation is satisfied that the person has ceased since that day to be entitled to be entered on the register.”.