Costing Standards Accounting Standards E-Forms

The Companies Act, 1956

Share Capital and Debentures (82 to 123)

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

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

The share capital of a company limited by shares shall be be of two kinds only, namely :-

(a) equity share capital

(i) with voting rights;or

(ii) with differential rights as to dividend , voting or other wise in accordance such rules and subject to such conditions as may be prescribed.

(b) preference share capital.