Preference shares, in case the holders of these have a right to convert their preference shares into equity shares at their option according to the terms of issue, such shares are called :
A)Cumulative Preference Share
B)Non-cumulative Preference Share
C)Convertible Preference Share
D)Non-convertible Preference Share

Question

Quizplus · Accepted Answer

Convertible Preference Shares are those that give the holder the right to convert their preference shares into equity shares at their option, according to the terms of issue.

Preference Shares, in Case the Holders of These Have a Right