Amendment status not verified — confirm the current text below against the official source.

Every shareholder of the Development Bank holding equity shares shall have a right to vote in respect of such shares on every resolution and his voting right on a poll shall be in proportion to his share of the paid-up equity capital of the Development Bank: Provided, however, that no shareholder other than the Central Government, shall be entitled to exercise voting rights in respect of any equity shares held by him in excess of ten per cent. of the issued equity capital. Section 13G ins. by Act 5 of 1995, sec. 15 (w.r.e.f. 12/10/1994).