As per section 48 shareholder rights can be varied and there is a procedure for it. However, according to aforementioned rules "existing equity capital with voting rights cannot be converted to unto differential voting rights and vice versa."
Both these provisions r contradicting in nature. Request assistance with interpretation.
Regards,
Venkatesh
yes I also was getting confusion for the same
as per sec 43 equity shares with deffrencika right can not be converted to equity shares with equity right?
CAclubindia
