Voting Rights Homework Help

Voting Rights

Preference capital ordinarily does not carry voting rights. It is, however, vote on every resolution if (i) the preference dividend is in arrears for two years in cumulauve preference shares or (ii) the preference dividend has not been paid for a two more consecutive preceding years or for an aggregate period of three more proceeding six years ending with the expiry of the immediately preceding financial year.

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Posted by: andy

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