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    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.

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