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IndiaTech.org will lobby for differential voting rights to Indian company founders

IndiaTech.org, a non-profit organisation which lobbies for domestic e-commerce and internet firms, will push for Indian company founders getting Differential Voting Rights, reports the Economic Times, quoting the group’s CEO Rameesh Kailasam. This would allow companies, especially startups to raise capital without losing ownership control. DVR or differential voting rights shares are like ordinary equity shares but with differential voting rights. Shares can have higher or lower voting rights as compared to the ordinary equity shares. As in, while a normal shareholder of a company can vote as many times as the number of shares she holds, someone who holds DVR shares could either, cast 100 votes for every share they hold or, conversely, needs to hold 100 DVR shares to cast one vote. Companies issue DVR shares to raise investment without diluting voting rights or to prevent a hostile…

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