conversion of non voting right shares into voting shares
This query is : Resolved
AMIT KEDIA
(Querist)
06 April 2009
Dear Members,
What is the procedure of coverting non voting shares of a private limited company into shares with voting rights.
please let me know the detailed procedure.
What is the procedure of coverting non voting shares of a private limited company into shares with voting rights.
please let me know the detailed procedure.
Ankur Garg
(Expert)
03 May 2009
Dear Amit,
I think there is some confusion.
In company law Equity Shares without voting rights does not exists.
So there is no chance of coverting non voting shares of a private limited company into shares with voting rights.
However, as per section-181 voting rights on shares can be suspended due to non payment of calls.
Regards
I think there is some confusion.
In company law Equity Shares without voting rights does not exists.
So there is no chance of coverting non voting shares of a private limited company into shares with voting rights.
However, as per section-181 voting rights on shares can be suspended due to non payment of calls.
Regards
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