preference share
This query is : Resolved
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
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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