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According to companies act 2013, shares with differential rights should not exceed-
Twenty five percentage of the share capital issued
Twenty six percent of total pre issue paid up equity including differential right shares
Twenty six percent of total post issue paid up equity Including differential right shares
Twenty five percentage of total paid up equity including differential right shares
The issue of such shares must not exceed 25% (twenty-five percent) of the share capital issued
These were the conditions to be complied with in order to issue shares with differential voting rights until the introduction and enforcement of the Companies Act, 2013 in this regard.
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