Introduction to Corporate Finance — Secretarial Practice STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeIntroduction to Corporate Finance2 Marks
Question
Equity Share Capital
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Answer
It is the basic source of business finance that carries no preference regarding the rate of dividend, i.e. its fluctuating, and repayment of capital during winding up. They bear the ultimate risk with ownership and have a residual claim during winding up.
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