Type of shares issued in India: #2 Preference Shares
Saturday, July 1, 2017, 7:31 PM
Preference shares are those shares which are given preference as regards to payment of dividend and repayment of capital. They do not enjoy normal voting rights. Preference shareholders have some preference over the equity shareholders, as in the case of winding up of the company, they are paid their capital first. They can vote only on the matters affecting their own interest.