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Participative preference shares

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(Querist)
19 November 2013 Dear Members,

Please tell me how to ascertain that preference shares are Participative Preference Shares? and what is the procedure for issue of participative preference shares?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 November 2013 just read the shareholder's agreement or the terms agreed to for issue of preference shares. if the preference shareholders have a right to claim dividend over and above the fixed dividend, such shares are called participative preference shares.

the procedure remains same. just the dividend clause will be suitably worded.
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jayesh sharma

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jayesh sharma (Querist)
19 November 2013 Thanks for you reply. Further if i want to issue Participative preference shares, than is it compulsory to mention the same as prefix on the MOa and the share certificate?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 November 2013 yes it is advisable that they are separately classified and prefixed accordingly.
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