Question

Preference shareholders can vote on all the resolutions placed before the company if________________

A Resolution which directly affect their rights Correct Answer Incorrect Answer
B All the resolutions placed before the company Correct Answer Incorrect Answer
C Dividend paid for a period of two consecutive years Correct Answer Incorrect Answer
D Dividend not paid for a period of two years or more Correct Answer Incorrect Answer

Solution

Dividend not paid for a period of two years or more, Explanation Section 47 - where the dividend in respect of a class of preference shares has not been paid for a period of two years or more, such class of preference shareholders shall have a right to vote on all the resolutions placed before the company.

Practice Next
×
×