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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 / anuj kumar
Ordinary Shares is those shares which having the votings
rights. Such as Equity Shares.
Prefrence shares has not having voting rights. It may be
Cummalative & Non Cummulatiive.
Called Up Capital is that Capital which is called from
public & Uncalled Capital is that capital which is not
called up from public for example if company issue 10000
shares of Rs 10/- each & it is called up only Rs. 4/- till
date then called up capital is Rs. 40000/- & uncalled
Capital is Rs. 600000/-.
Bearer Debenture is that debentures which is holding
interest rates & which is not convertible into share
Capital. Convertible Debentures are those debentures which
is convertible into share capital.
Floating Charges are those charges which have differnt
securities from time to time.
Specific Chares are those charges which have charge on a
particular security. for Example specific charge on
Building.
| Is This Answer Correct ? | 8 Yes | 6 No |
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