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TypeBare Act JurisdictionCentral Government Enacted1956

Companies Act, 1956 Section 86

New Issues of Share Capital to Be Only of Two Kinds

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https://sooperkanoon.com/act/10981

Bare act section · Research

About this section

Companies Act, 1956 Section 86 is part of Companies Act, 1956 - New Issues of Share Capital to Be Only of Two Kinds. Read the section text below and explore Indian court judgments that cite it.

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Section Text

¹ [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.]

________________________

1. Substituted by Act 53 of 2000, Section 38, for Section 86 (w.e.f. 13-12-2000).

Frequently asked questions

What does Companies Act, 1956 Section 86 provide?

Section Section 86 of the Companies Act, 1956 (New Issues of Share Capital to Be Only of Two Kinds) is reproduced on this page as part of the Companies Act, 1956. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Companies Act, 1956 Section 86?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Companies Act, 1956 Section 86. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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