At a General Meeting of XYZ Limited, a matter was to be passed by a special resolution. Out of 40 members present, 20 voted in favor of the resolution, 5 voted against it and 5 votes were found invalid. The remaining 10 members abstained from voting. The Chairman of the meeting declared the resolution as passed. With reference to the provisions of the Companies Act, 2013, examine the validity of the Chairman’s declaration.

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The detailed answer for the above question is provided below Under Section 1142 of the Companies Act ... View the full answer