CA Inter P2 · Chapter 4 · Question 1 of 11
Under section 43, the share capital of a company limited by shares can be of which kinds?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Equity share capital (with voting rights or with differential rights) and preference share capital
Explanation
Section 43 provides for two kinds of share capital: equity share capital and preference share capital. Equity share capital may carry voting rights or differential rights as to dividend, voting or otherwise, in accordance with the rules.
More Share Capital and Debentures MCQs
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