Two kinds of share capital.

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....the company which fulfils both the following requirements, namely:      (a) that as respects dividends it carries or will carry a preferential right to be paid a fixed amount or an amount calculated at a fixed rate, which may be either free of or subject to income-tax; and      (b) that as respect capital, it carries or will carry, on a winding up or repay....

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....t specified in clause (a), it has a right to participate, whether fully or to a limited extent, with capital not entitled to the preferen­tial right aforesaid;      (ii) that, as respects capital, in addition to the preferential right to the repayment, on a winding up, of the amounts specified in clause (b), it has a right to participate, whether fully or to a limited exte....