According to _____ of the Companies Act, 2013, an equity share is a share which is not a preference share.
According to _____ of the Companies Act, 2013, an equity share is a share which is not a preference share.
Solution
✅ Correct Option: 2
Section 43 classifies share capital into equity share capital and preference share capital and defines equity shares residually as all shares other than preference shares. Section 55 deals with preference shares specifically and Section 13 with alteration of the Memorandum.
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