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section 48 and rule 4(3) of companies share capital and Deb rules 2014

Others 232 views 1 replies
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
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?


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