Voting rights
Pooja M (CS) (104 Points)
26 August 2016
Can a private company issue shares with "No voting rights" ?
1 Replies
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 29 August 2016
Yes, it is possible u/s 43(a)(ii). But it must be ensured that at least two members must have shares with voting rights for voting at general meetings and passing resolutions.
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