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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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