RIGHTS OF PREFERENCE SHAREHOLDERS
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Transcript of RIGHTS OF PREFERENCE SHAREHOLDERS
CRYSTO GRAPHITES Pvt. Ltd. Manufacturer of Natural Graphite Powder & Flakes VIP Plot No. 130, Ekamra Vihar, IRC Village, Nayapali, Bhubaneswar, State - Orissa, India-751015
Crysto Graphite Phone No. 0674-2550681, 6547968, Mob-9437040681 Fax-0674-2550681 E Email.ID [email protected]
RIGHTS OF PREFERENCE SHAREHOLDERS
1- The Preference Shareholders enjoy a preferential right in the payment of dividend during the life time of the company.
2- The claim of Preference shareholders is prior to the claim of Equity shareholders or any other class of shareholders.
3- The dividend rate is fixed for the preference shareholders, whether the company makes profit or not.
4- If the company will skip preference dividends for three years, then it has to grant voting right to preference shareholders , on matters affecting them.
5- When the company is wound up, then the repayment of capital will paid first to the preference shareholders, prior to the equity shareholders or any other class of shareholders.
6- The shareholders will get a certificate issued by the company according to “The Preference Shares (Regulation of Dividends) Act 1960”.
Crysto Graphites Pvt. Ltd.