preference share

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Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2010 redemption of preference share when company do not have fund

Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2010 k

Jagruti (CS)

Jagruti (CS) (Expert)
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18 March 2010 If company do not have fund and redemption is due, you can issue shares up to the nominal amount of shares redeemable before one month of redemtion u/s 80(4). This will not result in outflow of fund and even there will not futhur issue or increase in capital.

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