CUET Preparation Today
| Under which section of the Companies Act, 2013 is' Equity shares' defined? |
Sec 41 Sec 43 Sec 45 Sec 47 |
| Sec 43 |
| According to Section 43 of The Companies Act, 2013, an equity share is a share which is not a preference share. In other words, shares which do not enjoy any preferential right in the payment of dividend or repayment of capital, are termed as equity/ordinary shares. The equity shareholders are entitled to share the distributable profits of the company after satisfying the dividend rights of the preference share holders. |
