Preference shareholder voting

17 September 2018

Can anyone guide me what is the voting procedure to be followed for letting preference shareholder vote in annual general meeting?

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6 Replies

Santhosh Gundinahole (Studnet) (347 Points)
Replied 17 September 2018

Preference shareholders cannot vote at AGM as per the provisions of companies Act, 2013 except in few cases.

iswarya deenathayalan (10 Points)
Replied 17 September 2018

yes I did go through the provision. in my case preference shareholders are eligible now to vote.

Santhosh Gundinahole (Studnet) (347 Points)
Replied 17 September 2018

Which kind case? Is your company in default for payment of dividend for 2/more years?

iswarya deenathayalan (10 Points)
Replied 17 September 2018

yes. 2 years completed

Santhosh Gundinahole (Studnet) (347 Points)
Replied 17 September 2018

Then they have right as equal as equity shareholders at Any GM

iswarya deenathayalan (10 Points)
Replied 17 September 2018

That was my question. what voting procedure should be followed. Act is silent about voting procedure for preference shareholder

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