Participating preference shares grant dividend from surplus and a claim on surplus assets; non participating shares lack these rights. Participating preference shares permit receipt of a dividend from surplus profits after equity dividends and a share in surplus assets remaining after capital repayment on winding up; non-participating preference shares do not carry these surplus-linked rights and are confined to their specified preferential entitlements.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Participating preference shares grant dividend from surplus and a claim on surplus assets; non participating shares lack these rights.
Participating preference shares permit receipt of a dividend from surplus profits after equity dividends and a share in surplus assets remaining after capital repayment on winding up; non-participating preference shares do not carry these surplus-linked rights and are confined to their specified preferential entitlements.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
