Section 58: Classes and kinds of share capital — Companies Act, 2017

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58. Classes and kinds of share capital.—A company having share capital shall issue only fully paid shares which may be of different kinds and classes as provided by its memorandum and articles: Provided that different rights and privileges in relation to the different kinds and classes of shares may only be conferred in such manner as may be specified.

Effective date: 2017-05-30

Related sections

Section 57: Prospectus Section 59: Variation of shareholders’ rights Section 56: Authentication of documents and proceedings Section 60: Numbering of shares Section 55: Service of notice on a member Section 60A: Prohibition on issuance of bearer shares or bearer shares warrants, etc.

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