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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Understanding Share Capital: Preference vs. Equity Shares Under Section 85 of the Companies Act, 1956</h1> Section 85 of the Companies Act, 1956, outlines two types of share capital: preference share capital and equity share capital. Preference share capital is characterized by a preferential right to fixed dividends and repayment of capital, potentially including unpaid amounts or fixed premiums. It may also have rights to participate in additional dividends or surplus capital upon winding up. Equity share capital refers to all share capital that does not qualify as preference share capital. The terms 'preference share' and 'equity share' are defined in accordance with these distinctions.
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