What is the different between each of the following.
a) ordinary shares and preference shares
b) called and uncalled capital
c) bearer debentures and convertible notes
d) floating charge and specific charge
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Answer Posted / ravindra
ordinary shares may be having the voting rights like equity
shares
peference shares - these are the kinds of shares where the
share holder gets fixed rate of dividend. THIS IS AGAIN
DIVIDED IN TO TWO TYPES CUMMULATIVE NON-CUMMULATIVE
CUMMULATIVE SHARES ARE THE SHARES WHERE PARTICULAR MONTH
DIVIDEND WILL BE DECLARED IN THE FOLLOWING MONTH ONLY
NON CUMMULATIVE PREFERNCE SHARES ARE THE SHARES FOR WHICH
THIS YEAR DIVIDEND MAY BE DECLARED IN NEXT YEAR
CALLED UP CAPITAL - IS THE AMOUNT WHICH WAS CALLED BY THE
COMPANY FROM THE PUBLIC
UNCALLED CAPITAL - IS THE AMOUNT WHICH WAS NOT CALLED BY
THE COMPANY TO THE PUBLIC SOME TIMES THIS MAY BE CALLED AS
RESERVE CAPITAL
DEBENTURE - THEY GET FIXED RATE OF INTREST AS THEY ARE NOT
CONCERNED WITH PROFITS &LOSSES
CONVRTABLE DEBENTURES ARE THE KIND OF DEBENTURES WHERE THE
DEBENTURES MAY CONVERT IN TO SHARES
FLOATING CHARGE - FOR THIS THE CHAGE MAY BE DIFFERED
DIFFERED FROM TIME TO TIME EG - SECURITIES
SPECIFIC CHARGE - IS THE CHARGE WHICH REMAINS AS CONSTANT
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