Decision of Court on this Resolution – Engineering Assignment Help

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Assignment Task :

What if a Company is having two denominations of shares, having face value of 100 Rupees and 10 Rupees, all share holders are having equal voting right. Now Company passed a Resolution that all 100 Face Value shares be converted into Rs. 10 Value shares and resultantly they will have 10 votes for each share of 100. The Class of share holders having denomination of 10 each went to court to challenge the same, that their Voting right is prejudiced with this Resolution. What will be the outcome and decision of Court on this Resolution. 

 

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