Preference share capital confers preferential dividend and capital repayment rights, distinguishing it from equity share capital. Preference share capital is that part of share capital carrying, for dividends, a preferential right to a fixed amount or fixed-rate amount and, for capital, a preferential right on winding up or repayment to be repaid the capital paid-up or deemed paid, including rights to unpaid dividend amounts and fixed premiums as specified; such capital remains preference capital even if it also participates in dividends or surplus. Equity share capital comprises all share capital that is not preference share capital, and the terms 'preference share' and 'equity share' are to be construed accordingly.