preference share do not carry any voting right. justify
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Answer:
According to the Sec 47 of Act, 2013 provides
for voting rights of the shareholders.
The same corresponds to Section 87 of
the Companies Act, 1956 and Section 87 of Act, 1956 clearly demarcated
the rights of cumulative and non-cumulative preference shareholders in case of
default in payment of dividend, whereas Section 47 of Act, 2013 does not
provide for the same.
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