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The Preference Shares (Regulation of Dividends) Act, 1960

Central

An Act to regulate dividends on preference shares of certain companies.

Act number
63 of 1960
Ministry
Ministry of Corporate Affairs
Enacted
28 Dec 1960
In force from
28 Dec 1960

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

8 sections

  1. Section 1Short title and commencement.
  2. Section 2Definitions.
  3. Section 3Regulation of dividends on preference shares in certain cases.
  4. Section 4Special provisions in relation to companies where a portion of their income is not chargeable to income-tax.
  5. Section 4ADeduction of income-tax.
  6. Section 5Over-riding effect of Act.
  7. Section 6Act not to apply to participating preference dividends.
  8. Section 7Power to make rules.