If a company has issued equity shares with differential voting rights, can the company demat them ?
if yes, how does the company exercise control over transfer of those demat shares?
thanks
Jaipal
(CS)
(23 Points)
Replied 17 December 2008
Hi there
Shares issued with differential voting rights ar for that matter any securtiy (Eqty share , Debenture , Pref shares) Can be de materialised.
A separate ISIN number will be issued by the depositories to those shares as it will be of a different class of Shares.
Control can be easily made as those shares will have different ISIN.
Regards
Jaipal
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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