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 ?

Jayashree S Iyer

Jayashree S Iyer (Expert)
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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.