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The Preference Shares (Regulation of Dividends) Act, 1960
Act 63 of 1960
The Preference Shares (Regulation of Dividends) Act, 1960
An Act to regulate dividends on preference shares of certain companies.
Ministry of Corporate Affairs
Enacted 1960-12-28
8 sections
Section
Title
1
Short title and commencement.
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2
Definitions.
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3
Regulation of dividends on preference shares in certain cases.
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4
Special provisions in relation to companies where a portion of their income is not chargeable to income-tax.
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4A
Deduction of income-tax.
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5
Over-riding effect of Act.
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6
Act not to apply to participating preference dividends.
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7
Power to make rules.
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