Preference share do not carry any voting right. justify – InterviewSolution

InterviewSolution

1.	Preference share do not carry any voting right. justify
Answer» According to the Sec 47 of Act, 2013 providesfor voting rights of the SHAREHOLDERS. The same corresponds to Section 87 ofthe COMPANIES Act, 1956 and Section 87 of Act, 1956 clearly demarcatedthe rights of cumulative and non-cumulative PREFERENCE shareholders in case ofdefault in payment of dividend, WHEREAS Section 47 of Act, 2013 does notprovide for the same.pls mark me as BRAINLIEST

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