CmaBylaw
Executive Bylaws
13-37 Of Module Eleven: Dealing in Securities
Section: Chapter Thirteen: Preferred Shares Regulations
-
Tuesday, 14 February 2017
A Prospectus may include a paragraph which states that if the whole profits of Preferred Shares are not distributed for two consecutive financial years of the Issuer the shareholders of this class of Preferred Shares shall be entitled to vote on the resolutions of the Issuer’s general assembly, even if such Shares do not give them the right to vote. The voting right in such case shall be granted to the holders of the ordinary Shares and Preferred Shares in accordance with the proportion of each class in the paid-up capital. In the event that the Issuer pays the delayed profits, the temporary voting right of the Preferred Shareholders on the on the resolutions of the Issuer’s general assembly shall be naturally lapsed.
Related pages - By Law
Related Pages
CmaSideNavigation
In this section

We use cookies to ensure you get the best experience on our website.