Companies (Issue of Share Capital with Differential Voting Rights) Rules 2001
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....ential Voting Rights) Rules 2001 G.S.R.167(E).- In exercise of the powers conferred by sub-clause (ii) of clause (a) section 86 read with clauses (a) and (b) of sub-section (1) of section 642 of the Companies Act, 1956, the Central Government hereby makes the following rules, namely:- 1. Short title and commencement: (1) These rules may be called the Companies ((Issue of Share capit....
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.... rights as to dividend, voting or otherwise, if - 1. the company has distributable profits in terms of Section 205 of the Companies Act, 1956 for preceding three financial years preceding the year in which it was decided to issue such shares. 2. the company has not defaulted in filing annual accounts and annual returns for three financial yea....
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....proval of share holders in General Meeting by passing resolution as required under the provision of sub-clause (a) of sub-section (1) of section 94 read with sub-section (2) of the said section. 8. the listed public company obtained approval of share holders through Postal Ballot. 9. the notice of the meeting at which resolution i....
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....d 25% of the total share capital issued; (e) that a member of the company holding any equity share with differential voting rights shall be entitled to bonus shares, right shares of the same class; (f) the holders of the equity shares with differential voting rights shall enjoy all o....
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