RE:Waiver of rights
by on Dec 13, 2007 03:46 PM Permalink
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 Permalink
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
