section for shares
This query is : Resolved
12 March 2010
I want to know different kinds of shares (ie-deferred share) and section for the definion of shares as per company act-1956.Please tell me the answer
12 March 2010
TYPES OF SHARE CAPITAL
In terms of the provisions of section 86 of the Act, 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 of dividend, voting or otherwise in accordance with such rules and subject to such conditions as may be prescribed.
(b) preference share capital.
Equity share capital means all such share capital which is not preference share capital.
Regards
In terms of the provisions of section 86 of the Act, 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 of dividend, voting or otherwise in accordance with such rules and subject to such conditions as may be prescribed.
(b) preference share capital.
Equity share capital means all such share capital which is not preference share capital.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- Rental income gst and it purpose
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Experts need help
- EPF FULL & FINAL RULES IN 2026
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
