Participative preference shares
This query is : Resolved
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?
Please tell me how to ascertain that preference shares are Participative Preference Shares? and what is the procedure for issue of participative preference shares?
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.
the procedure remains same. just the dividend clause will be suitably worded.
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?
19 November 2013
yes it is advisable that they are separately classified and prefixed accordingly.
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