Question

Preference share holders have a right to vote on every resolution of a company.

• A. True
• B. False
• C. Partly True
• D. Partly False

Answer 1

The correct option is B False

As per section 47 of companies act,2013, Every member of company who is holding any preferential share capital (Preference shareholders) shall in respect of such capital have right to vote only on-

1. Resolutions placed before company which directly affects rights attached to their shares(preference), and

2. Any on resolution for winding-up of the company.