Non Cumulative Preference Shareholders shall be entitled to vote in the general meeting of the compa...........

Companies Act-Phase (I & II) Paymentofdividends

Non-Cumulative Preference Shareholders shall be entitled to vote in the general meeting of the company, if the dividend due to them has not been paid for a period of:

One year

Two consecutive Years

Any two years

Any Three years

Three consecutive years

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Explanation:

According to Section 47(2), where the dividend is not paid to non-cumulative preference shareholders for a period of 2 years consecutively or more, such class of preference shareholders shall have a right to vote on all the resolutions placed before the meeting.