PREFERENCE SHARES (REGULATION OF DIVIDENDS) ACT, 1960
Schedule - MODIFICATIONS OF THE ACT IN ITS APPLICATION TO THE UNION TERRITORY OF PONDICHERRY
THE SCHEDULE
[See section 1(3)]
MODIFICATIONS OF THE ACT IN ITS APPLICATION TO THE UNION TERRITORY OF PONDICHERRY
| 1. | - | Sections 3 and 4 shall be omitted. |
| 2. | - | In section 4A, for the words, brackets, letters and figures -twenty-seven and a half per cent of the aggregate of (i) the stipulated dividend, and (ii) an amount equal to eleven per cent of the stipulated dividend as specified in sub-section (3) of section 3-, the following shall be substituted, namely :- |
| - | -Twenty-seven and a half per cent of the stipulated dividend : | |
| - | Provided that in a case where the preference shares in respect of which the dividend is declared or paid form part of the preference share capital of a company which, in respect of the greater part of its total income, is entitled to a deduction from the tax chargeable from it under the Inc .... 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
