Non redemption of preference shares
This query is : Resolved
30 September 2017
Sec 164(2) doesn't cover non redemption of preference shares. What will be the consequences of non redemption of preference shares of the company on directors?
04 October 2017
go through section 55 of companies act, 1956. NO IRREDEEMABLE PREF. SHARES CAN BE ISSUED BY COMPANY. SEE SECTION 166 DUTIES OF DIRECTORS
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