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Non-Participating Preference Shares: Non-participation preference shares are those shares, which do not have the following rights:(a) To receive dividend, out of surplus profit left after paying the dividend to equity shareholders.(b) To have share in surplus assets, which remains after the entire capital has been paid on winding up of the company.

Preference shares are always deemed to be non-participating, if the Article of the company is silent.

Apart from this they have to claim dividend only, if the company in its A. Zero coupon bonds are bonds that do not pay interest during the life of the bonds.

Instead, investors buy zero coupon bonds at a deep discount from their face value, which is the amount a bond will be worth when it "matures" or comes due.

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By scrubbing after, you lower the danger of these agents discoloration your the teeth and it may be a key helpful technique to keep your the teeth white.Preference shares are always deemed to be cumulative unless any express provision is mentioned in the Articles.Non-Cumulative Preference Shares: Non-cumulative preference shares are those shares on which arrear of dividend do not accumulate.Types of preference shares: In addition to the aforesaid two rights, a preference shares may carry some other rights.On the basis of additional rights, preference shares can be classified as follows: Cumulative Preference Shares: Cumulative preference shares are those shares on which the amount of divided if not paid in any year, due to loss or inadequate profits, then such unpaid divided will accumulate and will be paid in the subsequent years before any divided is paid to the equity share holders.Convertible Preference Shares: Convertible preference shares are those shares, which can be converted into equity shares on or after the specified date according to terms mentioned in the prospectus.