point no c
total post issue means?
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rule 4 of companies (share capital and debenture) rule 2014
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Shares with differential rights shall not exceed at any point of time more than 26% of its paid up capital + any equity shares previously issued with differential voting right ,it's a maximum ceiling.
For example ,if company have total paid up equity of 1000₹ and would like to issue further 25 shares at ₹10 with differential rights of voting / dividend ,then post issue capital is ₹1250 and part of differential voting rights is (25*10)/1250=20% ,So Max 26%
For example ,if company have total paid up equity of 1000₹ and would like to issue further 25 shares at ₹10 with differential rights of voting / dividend ,then post issue capital is ₹1250 and part of differential voting rights is (25*10)/1250=20% ,So Max 26%
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