Question

Section 43 of the Companies Act, 2013 provides for \(\underline{\hspace{2cm}}\).

• A. Issue of Shares at Premium
• B. Kinds of Shares Capital
• C. Buy Back of Shares
• D. Reduction in Share Capital

Hint:

Equity shares and preference shares are the two main categories under Section 43.

Answer 1

The Correct Option is B

Step 1: Recall Section 43.
Section 43 of the Companies Act, 2013 deals with the classification of share capital of a company.

Step 2: Understanding provisions.
It mentions two kinds of share capital: equity share capital and preference share capital. Hence, it does not deal with issue of premium, buy back, or reduction.
Conclusion: Section 43 specifically provides for kinds of share capital.