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of <h1>Shareholder Rights Alteration Under Section 48 of Companies Act: Consent and Tribunal Involvement Explained.</h1> Section 48 of the Companies Act, 2013 addresses the variation of shareholders' rights in companies with different classes of shares. It allows for the alteration of rights attached to a class of shares with the consent of at least three-fourths of the shareholders of that class or through a special resolution. If such variation affects another class, their consent is also required. Dissenting shareholders holding at least ten percent of the shares can apply to the Tribunal to cancel the variation. The Tribunal's decision is binding, and companies must file its order with the Registrar within thirty days.
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