Bare ActsCompanies Act, 1956

Section 86

New issues of share capital to be only of two kinds

Amendment status not verified — confirm the current text below against the official source.

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.]

Section 86 – Companies Act, 1956 | DailyLaw.ai