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Companies Act-Phase (I & II) Paymentofdividends

If the dividend in respect of a class of preference shares has not paid doe a period of ……… years or more, such class of preference shareholders shall have a right to vote on all the resolutions placed before the company.

1 Years

2 Years

3 Years

4 Years

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Explanation:

Section 47 of the Companies Act, 2013 states that If the dividend in respect of a class of preference shares has not paid doe a period of 2 years or more, such class of preference shareholders shall have a right to vote on all the resolutions placed before the company along with equity shareholders.