# The Finance Act, 1966, Section 52: Amendment of Act 63 of 1960

- Act: The Finance Act, 1966 (Act 13 of 1966)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1966/section/52/

## Text

Amendment of Act 63 of 1960 52. In section 4A of the Preference Shares (Regulation of Dividends) Act, 1960, for the words "such deduction shall in no case exceed twenty-five per cent of the stipulated dividend.", the following words, figures, letters and brackets shall be substituted, namely:— "such deduction made by the company from any dividend declared after the 28th day of February, 1966 shall in no case exceed twenty-seven and a half per cent of the aggregate of— (i) the stipulated dividend, and (ii) an amount equal to eleven per cent of the stipulated dividend as specified in sub-section (3) of section 3.". [Finance Act, 1966] © Copyright. Taxmann Publications Pvt. Ltd.

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