Shares & preference shares

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

28 February 2013 Dear All,

I'd like to know whether there is any limitation of maximum no. of share holders for unlisted Limited Companies (not Pvt. Ltd.). If there is any, please tell me if the preference share holders are to be counted with them.

Thanking you in anticipation.

Best Regards,

Ankur Garg

Ankur Garg (Expert)
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28 February 2013 There is no restriction on the number of shareholders in a unlisted public company.

Pref shareholders are also considered as shareholders of the company and there rights are governed by the terms of issue of pref shares.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

28 February 2013 Thanks for your kind reply.

In connection to the above query, further I'd like to ask-

1. Can any unlisted limited company issue Cumulative Redeemable Preference Shares? If so, is any permission needed?

2. Should the collection from RPS along with the Share Capital be below the Authorize Capital of the Company?

3. Who can invest- relatives, friends or any person known to Promoters/Employees? Is there any restriction?

Thank you again for your support.

Best Regards,

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