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Redemption of preference shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2012 why does edemption of preference shares doent amount to reduction of sharecapital???
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
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.
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 September 2012 thankyou sir!!!
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