Company law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 July 2012
Difference between sec.86 & sec.88
16 July 2012
Section 86 Titling "NEW ISSUES OF SHARE CAPITAL TO BE ONLY OF TWO KINDS" after amendments made by Omitted by the Companies (Amendment) Act, 2000 w.e.f. 13-12-2000.] provides that equity share capital of a company may have different dividend or voting right and except equity and preference share capital there is no other type of the share capital.
Where as section 88 of the act has been Omitted by the Companies (Amendment) Act, 2000 w.e.f. 13-12-2000.
It had restricted the provision of section 86 and provided that equity share capital shall have no such difference.
Where as section 88 of the act has been Omitted by the Companies (Amendment) Act, 2000 w.e.f. 13-12-2000.
It had restricted the provision of section 86 and provided that equity share capital shall have no such difference.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2012
thanks sir!!!!!......
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