Section 48 of CA 2013 : Section 48: Variation Of Shareholders? Rights
CA 2013
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Explanation using Example
Imagine XYZ Pvt. Ltd. has two classes of shares: Class A and Class B. Class A shares come with voting rights, while Class B shares have higher dividend rights but no voting rights. The company decides to alter the dividend rights of Class B shareholders due to a change in company strategy.
To do so, XYZ Pvt. Ltd. needs to get the consent of at least 75% of Class B shareholders or pass a special resolution in a separate meetin...
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