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Justify the following statement. Equity share capital is risk capital.

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Question

Justify the following statement.

Equity share capital is risk capital.

Short/Brief Note
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Solution

Justification:

  1. Equity shareholders own the company and bear ultimate risk associated with the ownership. 
  2. The equity shares do not enjoy preference for dividend. Also, they do not have priority for repayment of capital at the time of winding up of the company.
  3. Equity shareholders do not carry any fixed commitment of dividend. They are paid dividend at the rate recommended by Board of Directors.
  4. If there is no profit, no dividend will be payable. Similarly, if there is less profit, lesser dividend will be paid. 
  5. The fortune of equity shareholders is tied up with the ups and downs of the company.
  6. They are described as ‘shock absorbers’ when company has financial crisis.

Hence, equity share capital is risk capital.

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Sources of Owned Capital - Shares
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Chapter 2: Sources of Corporate Finance - Exercises [Page 38]

APPEARS IN

Balbharati Secretarial Practice [English] Standard 12 Maharashtra State Board
Chapter 2 Sources of Corporate Finance
Exercises | Q 6. 9. | Page 38
SCERT Maharashtra Secretarial Practice [English] 12 Standard HSC
Chapter 2 Sources of Corporate Finance
Justify the following statements | Q 3
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