{"content":[{"text":"equity shares. But the preference shareholders do not have any legitimate claim on the \n surplus assets of the business entity.","bbox":{"left":0.176503,"top":0.088591,"width":0.6761870000000001,"height":0.037661}},{"text":"","bbox":{"left":0.147098,"top":0.179503,"width":0.007485999999999993,"height":0.015407000000000004}},{"text":"Control - Because the owners of preference shares do not have any legal say during \n voting, they are not considered to have a say in the decisions taken by the company. \n However, in the rare case when their dues have been left unpaid even after repeated \n reminders, the preference shareholders can vote on the resolution that can be put forward \n for addressing their grievances.","bbox":{"left":0.176503,"top":0.176192,"width":0.697686,"height":0.08990899999999999}},{"text":"","bbox":{"left":0.147098,"top":0.319541,"width":0.007485999999999993,"height":0.015407000000000004}},{"text":"Hybrid form of security - The preference shares have features of both equity shares as \n well as other forms of debt financing, hence they are known as hybrid forms of security.","bbox":{"left":0.176503,"top":0.31623,"width":0.6917260000000001,"height":0.037636}},{"text":"Preference shares are similar to equity shares in the fact that the payment of funds is not \n mandatory, the dividend that is paid is only from the share of distributable profits and the \n dividend paid is not considered as an expense while calculating the tax liability of the business.","bbox":{"left":0.117686,"top":0.403806,"width":0.746726,"height":0.05506}},{"text":"Types of preference shares","bbox":{"left":0.117686,"top":0.50855,"width":0.236902,"height":0.02283999999999997}},{"text":"Cumulative preference shares","bbox":{"left":0.117686,"top":0.545848,"width":0.26216100000000003,"height":0.02283999999999997}},{"text":"The individuals who are owners of preference shares have the legal right to put forward their \n claim returns for even the financial years that have not recorded any profits. When the company \n does make substantial profits, the cumulative preference shareholders are given the dividend by \n computing for all the years to date for which the dividend has not been paid.","bbox":{"left":0.117686,"top":0.618528,"width":0.75251,"height":0.07248500000000002}},{"text":"Non-cumulative preference shares","bbox":{"left":0.117686,"top":0.740734,"width":0.30255399999999993,"height":0.02283999999999997}},{"text":"The individuals who are shareholders of the non-cumulative preferred shares types have no right \n to demand the returns of the previous years. They are given out dividends only in the financial \n year where profits have been recorded.","bbox":{"left":0.117686,"top":0.813414,"width":0.7570810000000001,"height":0.05506100000000003}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}