12 August 2012
Can a Member of the Company sell his voting rights to someone and continue to enjoy other rights of shareholders in the company.
I mean is it possible that shareholder who sells his voting rights would continue as member in Register of Memebrs in the above scenario...........
The person who buys the voting rights wil only enjoy that right and is it that he would have the sole power to execute his rights or he will have to act on the saying of the actual member..........please suggest
13 August 2012
Equity Shareholders enjoy the voting rights.There is no provision like selling of voting rights. You can sell your consequently the voting right shall pass on the transferee/buyer.
If you sell/transfer your equity share you cease to be the Member
CAclubindia
