It is only the Voting shares that are entitled to vote at a meeting of the company and such shareholders could determine the future progress of the company. In the event of a crisis situaion the Voting shareholder plays a vital role.
Voting shares are entitled to a portion of the profits of the company, while the Non-Voting shareholders may receive a lesser portion of the profit as determined by the Board of Directors. Non-Voting shareholder will have no part to play at a meeting of the company.
In the circumstances why is it that CDB (N) is trading at the market for a Rs. , while the CDB (X) is trading at Rs. Is't this a peculier situation? This could be manupulation at its best.This is a clear case of the authorities unwillingness to dig into this matter and expose at the trading floor, how this is happening, why it is happening and who is behind the whole episode. rather than waite with their hands folded and waite until it resolves by its own.
It may be that our SEC is the only place this type of things are happening, mainly because of the unwillingness of the authorities to regularise this situation.