“equity share” means any share in a company, excluding any share that, neither as respects dividends or foreign dividends, nor as respects returns of capital or foreign returns of capital, carries any right to participate beyond a specified amount in a distribution;

[Definition of “equity share” (previously “equity share capital”) substituted by section 3(1)(d) of Act 8 of 2007, by section 6(1)(g) of Act 7 of 2010, by section 7(1)(h) and (i) of Act 24 of 2011 and by section 1(1)(a) of Act 5 of 2026 deemed effective on 1 April 2012]