Question

Preferential shares with reference to any company

Q: Answer-Preferential shares with reference to any company limited by shares, means that part of the issued s...

Companies Act Section 43. Kinds of share capital ii preference share capital, with reference to any company limited by shares, means that part of the issued share capital of the company which carries or would carry a preferential right with respect to a payment of dividend, either as a fixed amount or an amount calculated at a fixed rate, which may either be free of or subject to income-tax and b repayment, in the case of a winding up or repayment of capital, of the amount of the share capital paid-up or deemed to have been paid-up, whether or not, there is a preferential right to the payment of any fixed premium or premium on any fixed scale, specified in the memorandum or articles of the company.

limited by shares, means that part of the issued share capital of the company which carries or would carry a preferential right with respect to_________________

A Payment of dividend

B Repayment of dividend as a fixed amount

C Right to vote on all the resolutions passed by a company

D Payment of dividend either as a fixed amount or an amount calculated at a fixed rate

E All a, b & c

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Preferential shares with reference to any company

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