Section 86 – The Companies Act,1956

The Companies Act, 1956

86. New issues of share capital to be only of two kinds.

1[86. New issues of share capital to be only of two kinds.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.]

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1. Subs. by Act 53 of 2000, sec. 38, for section 86 (w.e.f. 13-12-2000).

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The Companies Act, 1956

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