Redemption of preference shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 September 2012
why does edemption of preference shares doent amount to reduction of sharecapital???
26 September 2012
In any case the capital can not be reduced except by court approval under section 100.
In case of redemption of preference shares, either, Capital Resereve is created or new equity share take place of the preference shares.
In case of redemption of preference shares, either, Capital Resereve is created or new equity share take place of the preference shares.
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2012
thankyou sir!!!
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