RE:Waiver of rights
by on Dec 13, 2007 03:46 PM
under Section 87 of the companies act a company can allot shares with differential voting rights, but this is subject to the shareholders having a voting right on a proportionate basis to their shareholding. Implying that there has to be voting rights assigned to a share, it cannot be nil, hence waiver will not be allowed.
RE:RE:Waiver of rights
by on Dec 13, 2007 03:47 PM
this is only subject to public and subsidiary of a public company and the same will not be applicable in case of a pure private company
RE:Preference share
by anirban sikdar on Aug 25, 2006 02:42 PM
I'm in marketing of redeemable preference share of some companies registered under ROC. If u really have interest in marketing please reply, i'll help you in all respects.
RE:Preference share
by ajay mistry on Jan 13, 2008 07:23 PM
i have preferential shares of Ispat Industries i.e 400 nos. What is its value or importance. when they can be traded.
I cam to know about a preference share through a new upcoming company in India with different concept. They had asked me to maket their Preference share and said to me that they themselves cannot market their share. In case if I accept their proposal what are are the mandatory documents the company to have to start a prewfernece share and what are things I should know about the company for me to market their Preferecne share? do I need to conatct my Auditor before taking up the deal? Will there be any risk for my company in marketing the Prference share of other company? Can you please give answers and adivce on marketing a preference share of any company? Thanking you in advance,
RE:Who can start Preference Share?
by sam Dhiwakar on Sep 16, 2005 06:21 PM
its never a problem in marketing preference share but actually you will be exposed to the vagaries of its performance since it will not be linked with the stock exchange and you are answerable to the client.it would be wise to market it after you go through the balancesheet of the issuing company and analyse the performance and asset backing of the companies capital structure and its credit worthiness.
RE:Who can start Preference Share?
by Sam Dhiwakar on Sep 16, 2005 06:29 PM
since you have mentioned that they cannot market their own shares there is some sort of doubt about the companies financial health and solvency so you better go through their debt and equity proportion before taking up the project and if their debt is more compared to the fixed assets of the company pls decline the offer because the issued share capital part in the balance sheet is sometimes deceiving
