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extension of redeemable preference shares

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(Querist)
13 April 2010 Can the period of redeemable preference shares be extended? if yes, what are the merits and demerits of the same?
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Rasesh

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Rasesh (Expert)
14 April 2010 They can be extended by consent of the pref shareholder. the Company would have t comply with the procedure for variation in rights of the pref shareholders.

Merits and demerits depend on the facts of the case.

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