There are some priority on this type of share which the other shares do not get, Such as the payment of these shares is made prior or equity shares at the time of the winding up of the form, and the dividend will definitely be given at fixed rate, even if the company in not profit and such shareholder have not right to vote.
There are various kinds of preference shares: - Such convertible, non-convertible, redeemable, non-redeemable, reserved, unreserved etc.
