Act Number: 63

Act Name: The Preference Shares (Regulation of Dividends) Act, 1960

Year: 1960

Enactment Date: 1960-12-28

Long Title: An Act to regulate dividends on preference shares of certain companies.

Ministry: Ministry of Corporate Affairs

Department:

Section 6: Act not to apply to participating preference dividends.
        Nothing contained in 1[section 3 or section 4] shall apply to such part of any dividend on preference shares as is referred to in clause (i) of the Explanation to sub-section (1) of section 85 of the Companies Act.
    
Notes:
1. Subs. by Act 10 of 1965, s. 72, for "this Act" (w.e.f. 1-4-1965).
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