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TOPIC: LIMITED COMPANIES
Content: 1. Sources of capital
SUB-TOPIC 1: SOURCES OF CAPITAL
The following are sources of capital open to limited liability companies.
Shares
A share can be defined as the unit portion of the company’s capital owned by a shareholder. It is a unit which a shareholder has in a company.
Classes of shares
There are basically two types of shares namely
Preference shares
These are shares whose dividends are paid first and have a fixed rate of dividend. They include cumulative, participating redeemable, non-cumulative, non-participating and convertible preference shares.
Features of Preference shares
Preference shares are of many types which include
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