PREFERENCE SHARES (REGULATION OF DIVIDENDS) ACT, 1960
Section - 2 - Definitions
Definitions.
2. In this Act, unless the context otherwise requires,-
| (a) | - | -Companies Act- means the Companies Act, 1956 (1 of 1956); |
| (b) | - | -company- means an Indian company as defined in clause (26) of section 2 of the Income-tax Act, 1961 (43 of 1961) and includes a company referred to in sub-clause (ii) of clause (17) of the said section which has made arrangements for the declaration and payment of dividends within India in accordance with the rules made under the said Act; |
| (c) | - | -preference share- means a share which carries, as respects dividends, a preferential right to be paid a fixed amount or an amount calculated at a fixed rate; |
| (d) | - | -previous year- has the same meaning as in the Income-tax Act, 1961 (43 of 1961); |
(e< .... To read the full section download the app from Google Play store
ARTICLESHIP
30 June 2026
Article Assistant or Paid AssistantVIKAS VERMA & CO New Delhi Others View Details
Featured
24 June 2026
HEAD - AUDIT AND TAXATIONA R JADHAV AND ASSOCIATES Mumbai CA Inter View Details |
CAclubindia
