Preference shares
This query is : Resolved
28 September 2011
Preference shares are issued in 1990 and as irredeemable and The Company wants to redeem the shares now and Company wants to redeemed the shares at a Discount and not at the par value.
Please give the guide lines of that and any circular??
And also send the procedure of the same.
Please give the guide lines of that and any circular??
And also send the procedure of the same.
29 September 2011
Sir,
in my opinion, After amendment in companies act in 1996 no company can now issue irredeemable preference shares but company who has already issued it can now redeem it treating them same as redeemable.
Kindly let me know whether this solution has solved your query.
Regards,
CS Sumat Singhal
in my opinion, After amendment in companies act in 1996 no company can now issue irredeemable preference shares but company who has already issued it can now redeem it treating them same as redeemable.
Kindly let me know whether this solution has solved your query.
Regards,
CS Sumat Singhal
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
