Share capital
This query is : Resolved
15 September 2013
Hi
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.
Same class of shares means shares issued under same class. If the company issuing equity shares to the new shareholder with voting rights then it will be said it is issued under same class of "equity shares issued with voting right" class.
The same is apply to other class of equity and preference shares.
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.
Same class of shares means shares issued under same class. If the company issuing equity shares to the new shareholder with voting rights then it will be said it is issued under same class of "equity shares issued with voting right" class.
The same is apply to other class of equity and preference shares.
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
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Error in uploading Form 10BD
- NRI INSURANCE ADVISOR
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- ITR-3 File/Error Found
- Missed TDS
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
