https://www.taxtmi.com/acts?id=15478 The share capital of a company limited by shares is divided into equity share capital and preference share capital. Equity share capital is all capital not qualifying as preference and may include voting or prescribed differential rights. Preference share capital carries preferential rights to payment of dividend (fixed or at a fixed rate) and preferential repayment of paid-up capital on winding up or repayment; it remains preference capital even if it also has limited or full participation rights in additional dividends or surplus on winding up. en-us Mon, 19 Dec 2011 17:46:04 +0530 Mon, 19 Dec 2011 17:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15478 The share capital of a company limited by shares is divided into equity share capital and preference share capital. Equity share capital is all capital not qualifying as preference and may include voting or prescribed differential rights. Preference share capital carries preferential rights to payment of dividend (fixed or at a fixed rate) and preferential repayment of paid-up capital on winding up or repayment; it remains preference capital even if it also has limited or full participation rights in additional dividends or surplus on winding up. Act-Rules Bills Mon, 19 Dec 2011 17:46:04 +0530 https://www.taxtmi.com/acts?id=15478