Sources of Corporate Finance — Secretarial Practice STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeSources of Corporate Finance4 Marks
Question
Describe different types of equity shares.
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Answer
The equity shares can be of two types: (i) Equity share (with normal) with voting rights
The voting right of such equity holders is in proportion to his shareholdings.
(ii) Equity shares with differential voting right
Such equity shareholders shall have varying rights regarding dividend voting or otherwise in accordance with Rule 4 of Companies Act (Share Capital and Debenture) Rules 2014.
A company can thus, issue shares with limited voting rights or no voting rights.
They may be entitled to an extra rate of dividend.
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