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प्रश्न
Explain different Kinds of Preference shares.
उत्तर
There are eight types of preference shares:
- Cumulative Preference shares: As the word indicates, all dividends are carried forward until specified.
- Non-cumulative Preference shares: These are the opposite of cumulative.
- Redeemable Preference shares: Such preference shares can be claimed after a fixed period or after giving due notice. ,
- Non-Redeemable Preference shares: Such shares cannot be redeemed during the lifetime of the company.
- Convertible Preference shares: The shares can be converted into equity shares after a time period.
- Non-convertible Preference shares: Non-convertible preference shares cannot be, at any time, converted into equity shares.
- Participating Preference shares.
- Non-Participating Preference shares.
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