Can any body tell me whether preference shareholders are included in total no. of shareholders while calculating 50 no. in case of pvt ltd co.
Pls reply with proper sections and notifications if any.
pls rply urgently.
Jyoti Aggarwal (COMPANY SECRETARY) (336 Points)
22 May 2013Can any body tell me whether preference shareholders are included in total no. of shareholders while calculating 50 no. in case of pvt ltd co.
Pls reply with proper sections and notifications if any.
pls rply urgently.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 23 May 2013
Yes pl. Preference Shareholders are also members of the company. [Refer Sec.41(2)].
Nitin kumar kaushik
(acs)
(44 Points)
Replied 23 May 2013
No, beacuse pref sharehldr name is not registrd in registr of membr , if registrd then it will count in a limit of 50.
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