6. Act not to apply to participating preference dividends
Nothing contained in [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.
Amendment notes (1)
- Subs w.e.f. 1-4-1965 . Subs. by Act 10 of 1965, s. 72, for "this Act" (w.e.f. 1-4-1965).