Non Voting Shares

Non Voting Shares is one type of equity shares under no circumstances carry any voting rights. These type of shares are also entitled to enjoy the bonus issue and elite listing for the holding of the shares.

The nature of the non voting shares will automatically become as voting shares if two year dividends are continuously missed. The non voting shares are to be declared 20% dividend more than the ordinary dividend. The issue size of the Non voting shares should not go beyond the maximum limit of the voting stock i.e. 25%