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 ?
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.
CAclubindia
