TaxTMI 
TaxTMI 
what is the procedure of issue of non voting equity shares
non voting shares
29 Dec 2010 
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Non-voting equity shares governance: issuance procedure governed by company law rules and statutory provisions on differential voting rights.
Issuance of non-voting equity shares is governed by the Companies (Issue of Share Capital with Differential Voting Rights) Rules, 2001 read with Section 86 of the Companies Act, 1956; compliance with those rules and statutory conditions is required for creation and allotment of shares with unequal voting rights. (AI Summary)
Issuance of non-voting equity shares is governed by the Companies (Issue of Share Capital with Differential Voting Rights) Rules, 2001 read with Section 86 of the Companies Act, 1956; compliance with those rules and statutory conditions is required for creation and allotment of shares with unequal voting rights. (AI Summary)