Variation of rights us 106 of companies act, 1956
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 June 2012
As per the provisions of section 106 of the Companies Act, 1956 we have taken the unanimous written consent of all the 4% cumulative redeemable preference shareholders for the reduction of rate of dividend from 4% to 0%. After this we have already filed Form 23 with ROC.
Now my query is whether we need to file any other Form with ROC or any other formality is required as per the Companies Act, 1956 to give effect to variation of rights.
Now my query is whether we need to file any other Form with ROC or any other formality is required as per the Companies Act, 1956 to give effect to variation of rights.
CS Mitesh Mehta
(Expert)
26 June 2012
According to me , no further formalities are required to be complied except if in case of listed company, you have to inform to the Stock Exchange
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
