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| 1. |
Distinguished between equity shares and preference shares? |
| Answer» \tEquity SharesPreference SharesFull right to participate in managementHas no right to participate in managementDividend is paid at the endPreference is given in providing dividendRefund of capital is not possibleRefund of capital is possible in case of redeemable preference sharesOn winding up of the company, capital is refunded after the preference sharesPreference is given in refunding the capital\t | |