THE PREFERENCE SHARES (REGULATION OF DIVIDENDS) ACT, 1960

ACT NO. 63 OF 1960 · Enacted [28th December, 1960.] · 8 sections

Section 1.Short title and commencement.

Section 2.Definitions.

Section 3.Regulation of dividends on preference shares in certain cases.

Section 4.Special provisions in relation to companies where a portion of their income is not chargeable to income-tax.

Section 4A.Deduction of income-tax.

Section 5.Over-riding effect of Act.

Section 6.Act not to apply to participating preference dividends.

Section 7.Power to make rules.