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Unformatted text preview: right. Equity share holders have voting right. 6. Preference share holders don’t get any right to attend board of director meeting. Equity share holders have a right to attend board of director meeting. 7. Preference shares are sources of medium and long term finance. (As per companies Act 1956 not more than 20 years) Equity shares are source of long term finance. 8. Management and control of company do not vest with preference shareholder. Management and control of company vests with equity shareholders. 9. It is relatively less risky in nature. It is relatively more risky in nature. 10. Types of preference share: 1. Convertible 2. Cumulative 3. Participative 4. Redeemable There are no types of equity shares. By: Accounting Friends...
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This note was uploaded on 03/21/2010 for the course KNOWLEDGE 5654 taught by Professor Mr.david during the Spring '10 term at IESE Business School.
- Spring '10