Issue of equity shares with differential rights
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 January 2010
Please clarify me that whether a newly incorporated public limited company can issue equity shares with differential rights as the comany is not complying certain conditions of Companies (Issue of Share Capital with Differential Voting Rights) Rules, 2001 like requirement of distributable profits in terms of sec 205 for three financial years
Ankur Garg
(Expert)
18 January 2010
Hi,
Compliance with Rules, 2001 is essential to issue shares with differential rights.
So in your case it would be not possible.
Compliance with Rules, 2001 is essential to issue shares with differential rights.
So in your case it would be not possible.
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