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    Question

    The share capital of a company limited by shares shall be of two kinds________________________

    A Equity shares Correct Answer Incorrect Answer
    B Preference shares Correct Answer Incorrect Answer
    C Sweat Equity shares Correct Answer Incorrect Answer
    D Both a & b Correct Answer Incorrect Answer

    Solution

    Explanation: Section 43. Kinds of share capital: The share capital of a company  limited by shares shall be of two kinds, namely:— (a) equity share capital— (i) with  voting right ; or (ii) with differential rights as to dividend, voting or otherwise in accordance with such rules as may be prescribed; and (b) preference share capital.

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