Companies (Issue of Share Capital with Differential Voting Rights) Rules 2001

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..... ferential Voting Rights) Rules 2001 G.S.R.167(E).- In exercise of the powers conferred by sub-clause (ii) of clause (a) section 86 read with clauses (a) and (b) of sub-section (1) of section 642 of the Companies Act, 1956, the Central Government hereby makes the following rules, namely:- 1. Short title and commencement: (1) These rules may be called the Companies ((Issue of Share capit .....

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..... y has distributable profits in terms of Section 205 of the Companies Act, 1956 for preceding three financial years preceding the year in which it was decided to issue such shares. 2. the company has not defaulted in filing annual accounts and annual returns for three financial years immediately preceding the financial year of the year in which it was decided to issue such share. 3. t .....

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..... pany obtained approval of share holders through Postal Ballot. 9. the notice of the meeting at which resolution is proposed to be passed is accompanied by an explanatory statement stating - (a) the rate of voting rights which the equity share capital with differential voting right shall carry; (b) the scale or in proportion to which the voting rights of such class o .....

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