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Clarification on preference shareholders

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(Querist)
10 August 2012 Sir,

Query 1: Can preference shareholders be regarded as member of the company as per section 41 of the Companies act, 1956.

Query 2: Can preference shareholder demat their shares and transfer in normal manner as equity shareholders.
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CS Taher

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CS Taher (Expert)
10 August 2012 1. Preference shareholders are members in a company
2. Yes preference shareholders can demat thier shares and transfer in normal manner.

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