Which of the following is/are feature(s) of equity share capital

A. dividend is payable only if company has earned profit

B. dividend become payable only if such payment has been recommended by board of directors and passed by the Annual General Meeting of Company

C. both, dividend is payable only if company has earned profit and dividend become payable only if such payment has been recommended by board of director and passed by the Annual General Meeting of company

D. None of these

Answer: Option C