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What "rights issue" do the shareholders of a company have under Companies Act, 1956?

Open uri20170510 32134 7ezpi6?1494421819 asked

Hi I want to know, What "rights issue" do the shareholders of a company have under Companies Act, 1956?

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5 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

1) Rights attached to shares of any class can be varied with the consent of shareholders holding not less then 75% of issued shares. 2) Rights of Dissenting Shareholders: Protection by Companies Act is given to the shareholders who doesn't consent to or vote for variation of their rights. If there is any variance in any rights of any class of shareholders then holders of not less than 10% of shares of that class can apply to the court to have the variation cancelled. It won't have any affect till it is been approved by the court. 3) Voting rights of the members: - Every member of public company which have the shares holding equity have votes in proportions to his share in paid up equity capital.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

2) Rights of Dissenting Shareholders: Protection by Companies Act is given to the shareholders who doesn't consent to or vote for variation of their rights. If there is any variance in any rights of any class of shareholders then holders of not less than 10% of shares of that class can apply to the court to have the variation cancelled. It won't have any affect till it is been approved by the court. 3) Voting rights of the members: - Every member of public company which have the shares holding equity have votes in proportions to his share in paid up equity capital.

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Picsjoin 2017224123730582 answered

Hie Jaggu, The rights and duties of shareholders are defined from time to time of issue of shares. The rights of shareholders are fixed which can't be altered unless the Companies Act gets modified. Right issue which shareholders hold of a company under Companies Act, 1956 are as follows:- 1) Rights attached to shares of any class can be varied with the consent of shareholders holding not less then 75% of issued shares. 2) Rights of Dissenting Shareholders: Protection by Companies Act is given to the shareholders who doesn't consent to or vote for variation of their rights. If there is any variance in any rights of any class of shareholders then holders of not less than 10% of shares of that class can apply to the court to have the variation cancelled. It won't have any affect till it is been approved by the court. 3) Voting rights of the members: - Every member of public company which have the shares holding equity have votes in proportions to his share in paid up equity capital. 4) Preference shareholders don't have any voting rights. They can vote only on matters which are directly related to the rights attached to preference share capital. There is a right to vote for every equity shareholder at general meeting. No company can stop any member from his voting right on any ground. The members voting rights can be changed if member doesn't make payment or other sums which are due against.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Dear Jaggu, The rights and duties of shareholders are defined from time to time of issue of shares. The rights of shareholders are fixed which can't be altered unless the Companies Act gets modified. Right issue which shareholders hold of a company under Companies Act, 1956 are as follows:- 1) Rights attached to shares of any class can be varied with the consent of shareholders holding not less then 75% of issued shares. 2) Rights of Dissenting Shareholders: Protection by Companies Act is given to the shareholders who doesn't consent to or vote for variation of their rights. If there is any variance in any rights of any class of shareholders then holders of not less than 10% of shares of that class can apply to the court to have the variation cancelled. It won't have any affect till it is been approved by the court. 3) Voting rights of the members: - Every member of public company which have the shares holding equity have votes in proportions to his share in paid up equity capital. 4) Preference shareholders don't have any voting rights. They can vote only on matters which are directly related to the rights attached to preference share capital. There is a right to vote for every equity shareholder at general meeting. No company can stop any member from his voting right on any ground. The members voting rights can be changed if member doesn't make payment or other sums which are due against.

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Open uri20170510 32134 1uwcnoc?1494421631 answered

The rights and duties of shareholders are defined from time to time of issue of shares. The rights of shareholders are fixed which can't be altered unless the Companies Act gets modified. Right issue which shareholders hold of a company under Companies Act, 1956 are as follows: ======================================================================== **1) Rights** attached to shares of any class can be varied with the consent of shareholders holding not less then 75% of issued shares. **2) Rights of Dissenting Shareholders**: Protection by Companies Act is given to the shareholders who doesn't consent to or vote for variation of their rights. If there is any variance in any rights of any class of shareholders then holders of not less than 10% of shares of that class can apply to the court to have the variation cancelled. It won't have any affect till it is been approved by the court. **3) Voting rights of the members**: - Every member of public company which have the shares holding equity have votes in proportions to his share in paid up equity capital. **4) Preferences shareholder** don't have any voting rights. They can vote only on matters which are directly related to the rights attached to preference share capital. There is a right to vote for every equity shareholder at general meeting. No company can stop any member from his voting right on any ground. The members voting rights can be changed if member doesn't make payment or other sums which are due against.

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