law: Preference Shares (Regulation of Dividends) Act, 1960
  2. Definitions
  In this Act, unless the context otherwise requires,-
  (a) "Companies Act" means the Companies Act, 1956 (1
  
  of 1956);
  (b) "company" means an Indian company as defined in
  
  clause (26) of section 2 of the Income Tax Act, 1961 (43 of 1961), and includes
  
  a company, referred to in sub-clause (ii), clause (17), of the said section
  
  which has made arrangements for the declaration and payment of dividends within
  
  India in accordance with the rules made under the said Act;
  (c) "preference share" means a share which carries, as
  
  respects dividends, a preferential right to be paid as fixed amount or an
  
  amount calculated at a fixed rate;
  (d) "previous year" has the same meaning as in the
  
  Income Tax Act, 1961 (43 of 1961);
  (e) "stipulated dividend" in relation to a preference
  
  share, means the fixed amount or the amount calculated at a fixed rate which
  
  the holder of such share has a preferential right to be paid as dividend;
  (f) all other words and expressions used but not defined in this
  
  Act and defined in the Companies Act shall have the meanings respectively
  
  assigned to them in that Act.