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Preference Shares Role in Indian Companies

Ordinary shares, preference shares and debentures are three important securities used by the firms to raise funds to finance their activities. This study is an attempt to analyse the issues in the area of Preference Share Capital to find out its contribution in mobilizing share capital in India. In discussing how the Preference Share Capital is used in India, this paper has been divided into six parts. In the first part Introduction, Second part Review of literature, Third part Sources of data, Fourth part theoretical aspects of share capital in accordance with Companies Act, 2013, and in the Fifth part, how the corporate firms are using Preference share capital in India by considering top BSE listed companies and the last part conclusion. It is found that In spite of some changes in companies Act 2013, there is no significant changes in use of preference capital by Indian corporate firms.