Participating preference shares grant surplus dividend and residual asset participation; non participating shares lack those participatory rights. Participating preference shares entitle holders to dividends from surplus profits after equity dividends and to a share in surplus assets remaining after capital is paid on winding up; non-participating preference shares do not have these participatory rights and are limited 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 surplus dividend and residual asset participation; non participating shares lack those participatory rights.
Participating preference shares entitle holders to dividends from surplus profits after equity dividends and to a share in surplus assets remaining after capital is paid on winding up; non-participating preference shares do not have these participatory rights and are limited 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 
