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liquiation of companies

hello sir,
need a clarification regarding language in a liquidation question.........
" liquidators remuneration is settled at 4 % on disbursement to members ( excl. pref. dividend ) "....
members means only equity shareholders or both equity n pref share holders ????

asked Sep 14, 2015 in General by mounica (52 points) 27 views

1 Answer

+1 vote
Members of a company means its shareholders, equity as well as preferene shareholders.
answered Sep 14, 2015 by jbsclasses (3,971 points)