Accountancy Part AAccounting for Shares

The equity share capital may be (i) with voting rights; or (ii) with…

The equity share capital may be (i) with voting rights; or (ii) with differential rights as to voting, dividend or otherwise in accordance with such rules and subject to such conditions as may be prescribed in the ...................

Answer & explanation

Correct answer: option 2

The correct answer is Option (2) → Articles of Association of the company.

NCERT (2026-27 edition):
Equity Shares – “… The equity share capital may be (i) with voting rights; or (ii) with differential rights as to voting, dividend or otherwise in accordance with such rules and subject to such conditions as may be prescribed in the Articles of Association of the company.”