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Quoram for the meeting of the preferance shareholders

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 June 2010 In our company we have 2 Preference shareholders one is holding preference share capital of Rs.5 crore and another Rs.3 crore.

now we want to vary the rights attached to these preference shares for which we need to hold the meeting of the prefence shareholders and pass the special resolution.

my question is that what will be the quoram for the meeting since there are only 2 preference shareholders and in case only one shareholder present in the meeting & votes in favour of the resolution whether it will binding on the other preference shareholder as well.
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Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 June 2010 In our company we have 2 Preference shareholders one is holding preference share capital of Rs.5 crore and another Rs.3 crore.

now we want to vary the rights attached to these preference shares for which we need to hold the meeting of the prefence shareholders and pass the special resolution.

my question is that what will be the quoram for the meeting since there are only 2 preference shareholders and in case only one shareholder present in the meeting & votes in favour of the resolution whether it will binding on the other preference shareholder as well.

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