cpc

preference shareholders right

company secretary

What is the course of action if teh Share pruchase agreement does not contain any rights related to pref. shareholders and nor the articles of the co.

 

meenu

 
Reply   
 
Lawyer in Hyderabad.wats app no.9989324294

Preference shares section 85 explains fully about it. Preference shareholders have a precedence over the ordinary shareholders, but next to debenture holders for the payment of dividends and return on capital if the issuing company goes under liquidation. Preference shareholders are entitled toa fixed rate of dividend, but participating preference shareholders also are entitled to a share in the residual profits. These shareholders carry limited voting rights and may be redeemable or therwise.

 
Reply   
 


LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

  Search Forum








×

Menu

IPC Grand Course     |    x