Company Law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2011
there is a company "A" in which "X" is having Shares of Rs75 lac without voting power and "Y" is having Shares of RS 25 lacs with Voting powers .
the question is who is the owner of the company
And in case of liquidation of company how the proceeds of the company will be divided ?
the question is who is the owner of the company
And in case of liquidation of company how the proceeds of the company will be divided ?
Jayashree S Iyer
(Expert)
20 April 2011
Since Mr."X" is not having any voting rights he cannot have any say in the decision making of the company.
However he is a member of the company and in case of liquidation the settlement would be corresponding to the contribution he made to the share capital of the company.
However he is a member of the company and in case of liquidation the settlement would be corresponding to the contribution he made to the share capital of the company.
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