Variation of Shareholders' Rights
All companies with different classes of share capital. Variation of the rights attached to any class of shares requires a Special Resolution passed at a separate class meeting of the holders of that class of shares.
Your capital structure is the backbone every other corporate decision rests on. Section 48(1) is the line every share movement has to respect. Concretely: requires consent in writing of holders of ≥75% of issued shares of that class, OR a special resolution passed at a separate meeting of that class's holders. Fi CTC Generator gets you there in under 3 minutes — correctly, the first time.
Variation of rights requires: (1) a Special Resolution passed at a separate class meeting of holders of that class; (2) consent in writing of at least 3/4ths of the holders of the issued shares of that class OR a Special Resolution passed at a separate meeting of the holders of the issued shares of that class. Dissenting holders (at least 10%) may apply to the Tribunal within 21 days to have the variation cancelled.
Section 48, Companies Act 2013
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