BareLaws
SUBSECTION

Section 4D(3)

From: The Small Industries Development Bank of India Act, 1989

(3) In any general meeting referred to in sub -section ( 1), the resolution f or reduction of share capital shall be passed by shareholders entitled to vote, voting in person, or, where proxies are allowed, by proxy, 8 and the votes cast in favour of the resolution are not less than three times the number of the votes, if any, cast ag ainst the resolution by share holders so entitled and voting.