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Number of dissenting shareholders to the variation or in favour of the special resolution for the variation, should not be less than ………% of the issued shares of that class
None of the above
According to Section 48 of the Companies Act, 2013 states Variation of shareholders Right.
(2) Where the holders of not less than ten per cent. of the issued shares of a class did not consent to such variation or vote in favour of the special resolution for the variation, they may apply to the Tribunal to have the variation cancelled, and where any such application is made, the variation shall not have effect unless and until it is confirmed by the Tribunal: Provided that an application under this section shall be made within twenty-one days after the date on which the consent was given or the resolution was passed, as the case may be, and may be made on behalf of the shareholders entitled to make the application by such one or more of their number as they may appoint in writing for the purpose.
By: Srishti Gupta ProfileResourcesReport error
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