As per section 48 shareholder rights can be varied and there is a procedure for it. However, according to aforementioned rules "existing equity capital with voting rights cannot be converted to unto differential voting rights and vice versa."
Both these provisions r contradicting in nature. Request assistance with interpretation.
Regards,
Venkatesh
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section 48 and rule 4(3) of companies share capital and Deb rules 2014
Replies (1)
yes I also was getting confusion for the same
as per sec 43 equity shares with deffrencika right can not be converted to equity shares with equity right?
as per sec 43 equity shares with deffrencika right can not be converted to equity shares with equity right?
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