Equity share holders becomes the owners of the company,and 
they dont have a prefetial rite towards divedend and 
capital.

Preferance share have preferential rite towards the 
divedend and capital

equity shares are different from peference shares in such a 
way that on equity shares there is no fixed amount of 
intrest paid but on preference shares a fixed amount of 
intrest is paid.equity shareholders have voting rights but 
preference shareholders don't have voting rights.the risk 
involved in case of equity shares is more as compared to 
preference shares.