dividend on preference shares

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CS Abhilasha Pandey (Querist)
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26 July 2010 Hi,
What should be the minimum percentage of dividend on which preference shares can be issued ?
Can it be .1 % Preference Shares .

Regards,
Abhilasha

Ankur Garg

Ankur Garg (Expert)
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26 July 2010 Law is completely silent about the Min percentage. However it must be mutually agrees between the issuer and proposed allottee.

Views of other experts solicited.

Thanks

CS Abhilasha Pandey

CS Abhilasha Pandey (Querist)
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26 July 2010 hi,
I am asking about the name of preference shares which denotes its percentage of dividend, please suggest me.

Ankur Garg

Ankur Garg (Expert)
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26 July 2010 Name of preference shares and fixing the div percentage is the same thing according to me.

percentage mentioned in the name of pref shares and actual percentage cannot differ.

Hope am not misinterpreting your query.

Thanks

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