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Shares
1.
2. When the company is successful, the shareholder is entitled to participate in the profits beyond the fixed dividends by way of an additional fluctuating.
4. Whose dividends accumulative until such time as the company is in a position to declare dividends. The accumulated dividends of the preference shares are to be paid first.
13. Purchases made through the stock exchange and the stock has been referred to and in accordance with the appropriate stock exchange rules.
14.
15. Appropriate when the company intends to cancel the shares repurchased and retired immediately. They have no intention to reissue back their shares back to the shareholders.
16. The nominal value of the shares repurchased should be cancelled by debiting the share capital account and crediting the capital redemption reserve.
![TOPIC: SHARES<br />,[object Object],In Section 4 Companies Act 1965, shares means shares in the capital of a corporation, including stock. But there are differences between stocks and shares either expressed or implied.<br />Refers to the case Burland’s Trustee vs Steel Bros & Co. Ltd. <br />“Share an interest in the company's shareholders are assessed / measured by the amount of money for purposes of liability, interest and also represents a mutual agreement between the shareholders inter se.”<br />Means that, shareholders' interests and liabilities of the company is operating and when the winding-up occurred. <br />,[object Object],There are two types of shares, namely ordinary shares and preferred shares.<br />2.1 Ordinary Shares<br />In Section 4 Companies Act 1965, ordinary shares which are common stock are also called equity shares, as known as risk capital of a company. It will give holders the rights of ownership in the company and obligations of ownership are also conferred. <br />2.2 Preference Shares<br />In Section 4 Companies Act 1965, preferred shares are also known as preferred stock which has the right to dividend before ordinary shareholders to receive the payment. If the company is dissolution, the preferred shares will get the distribution of asset. <br />Preference shares usually have restricted or non-existent voting rights, and will not participate in distribution of surplus assets on winding-up unless they have been issued as participating preference shares. There are various types of preference shares: <br />,[object Object]](https://image.slidesharecdn.com/shares-110926140000-phpapp02/85/Shares-1-320.jpg)
