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Equity Shares Without Voting rights

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 December 2009 since section 85 to 90 of the Companies Act are not applicable to a Pvt Ltd Co.,so can a pvt co issue issue Equity Shares Without voting rights.
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Divya

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Divya (Expert)
17 December 2009 yes, a private company can issue equity shares without voting rights provided such issue is permitted by the Articles of Association of the Company.

Hope the above clarifies.

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