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preference share

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 March 2010 redemption of preference share when company do not have fund
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 March 2010 k
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Jagruti (CS)

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Jagruti (CS) (Expert)
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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