02/06/2026
The Supreme Court of India ruled that when rival groups within a society dispute voting rights in a company’s Annual General Meeting (AGM), voting cannot be decided on a “vote-cast-first” basis.
The Court clarified that only individuals who are lawfully authorized under the society’s governing rules and applicable corporate laws can exercise voting rights.
The judgment reinforces the importance of proper authorization, corporate governance, and adherence to statutory procedures in company affairs. ⚖️📑