Question

Which of the following is true about SR Equity Shares (Superior Voting rights) that can be listed on stock exchange at IFSC (i)            Superior voting right shares, offer a higher dividend than ordinary shares (ii)           They do not subscribe to the rule of one share-one vote (iii)          It’s a very old concept in India (iv)         One of the reasons for introduction of SR shares was to encourage such promoters/founders who have an executive position in the company to retain a certain amount of control for a limited period

A Only I, iii and iv are correct
B Only I, ii and iv are correct
C Only I, ii and iii are correct
D All are correct
E None is correct
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