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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.

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The lowdown on preference shares