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Bare acts > Companies (Amendment) Act, 2000 > Section 38
 
  


 

38. Substitution of new section for section 86.- For section 86 of the principal Act, the following section shall be substituted, namely:

"86. New issues of share capital to be only of two kinds.

The share capital of a company limited by shares shall be of two kinds only, namely:

(a) equity share capital-

(i) with voting rights; or

(ii) with differential rights as to dividend, voting or otherwise in accordance with such rules and subject to such conditions as may be prescribed; (b) preference share capital.".

 

 

 

 

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