5
Amendment of section 17 of Act XII of 1989
Act: Bank of Punjab (Amendment) Act 1991
Section Provisions
ACT VIII OF 1991 ACT VIII OF 1991 THE BANK OF PUNJAB (AMENDMENT) ACT, 1991. An Act to amend the Bank of Punjab Act, 1989 (XII, of 1989) [Gazette of Punjab, Extraordinary, 2nd April, 1991] No. Legis. 2(55)/90/14, dated 30-3-1991.---The Bank of Punjab (Amendment) Bill, 1990, having been passed by the Provincial Assembly of the Punjab on the 18th day of March, 1991 and assented to by the Governor of the Punjab on the 26th day of March, 1991 is hereby published as an Act of the Provincial Assembly of the Punjab. 5. Amendment of section 17 of Act XII of 1989.--In the said Act, in section 17, for subsection (1), the following shall be substituted:-- "(1) Every shareholder shall be entitled to attend any meeting and each shareholder who has been registered as such for a period of not less than three months prior to the date of such meeting shall when present in person and on a show of hands, have one vote and on a poll each shareholder so registered, shall have one vote for each share held by such shareholder: Provided that any shareholder shall be entitled to vote at any meeting unless all calls or other sums presently payable by him in respect of shares of the Bank have been paid."