Companies Act, 1956

Section - 86 - New issues of share capital to be only of two kinds

[New issues of share capital to be only of two kinds.

86.   The share capital of a company limited by shares shall be of two kinds only, namely :—

         (a)  equity share capital—

      (i)  with voting rights; or

     (ii)  with differential rights as to dividend, voting or otherwise in accordance with such rules and subject to such conditions as may be prescribed;

         (b)  preference share capital.]