Types of Shares: There are two types of shares. They are 1. Equity Shares 2. Preference Shares Equity shares We also know equity shares as ordinary shares. These shares have voting rights. Equity share is a main source of finance for any company giving investors the right to vote, share market profits, and claim on assets. Features of equity shares 1. They are permanent. 2. Equity shareholders are the actual owners of the company and they bear the highest risk. 3. Equity shares are transferable. i.e. ownership of equity shares can be transferred with or without consideration to other people. 4. Dividend payable to equity shareholders is an appropriation of profit 5. Equity shareholders do not get a fixed rate of dividends. 6. They limit the liability of equity shareholders to the extent of their investment. Advantages of Equity Shares 1. Equity shares do not create any obligation to pay a fixed rate of dividends. 2. Equity shares c...