Issue of equity shares
This query is : Resolved
30 August 2011
A Private Limited Company can issue equity shares without voting rights? please tell me the exact provisions.
31 August 2011
Dear Sonu,
A pvt co can issue the shares without voting rights and it requires the authourisation from AoA. if not it should be altered according to that. and then the members should not be more than 50. it the AoA permits, then conduct a board meeting or general meeting as per the provisions contained in the articles, then pass necessary resolutions and issue the diff voting rights shares or shares without voting rights.
A pvt co can issue the shares without voting rights and it requires the authourisation from AoA. if not it should be altered according to that. and then the members should not be more than 50. it the AoA permits, then conduct a board meeting or general meeting as per the provisions contained in the articles, then pass necessary resolutions and issue the diff voting rights shares or shares without voting rights.
Message likes :
1 times
31 August 2011
vignesh sir, thnq a zillion times for your response
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
