📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Where the dividend in respect of a class of preference

    shares has not been paid for a period of_________________ or more, such class of preference shareholders shall have a right to vote on ______________________ 
    A 2 months, some resolutions placed before the company Correct Answer Incorrect Answer
    B 2 years, all the resolutions placed before the company Correct Answer Incorrect Answer
    C 6 months, all the resolutions placed before the company Correct Answer Incorrect Answer
    D 1 year, those resolutions that have been specifically mentioned Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Section 47 Voting rights- (2) Provided further that 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
    More Other Laws and Acts Questions

    Relevant for Exams:

    ask-question