Redemption of Preference Shares
This query is : Open
28 July 2010
What are the formalities and procedures to be followed to redeem the preference shares of a company? Do they differ in respect of private and public companies? If yes, to what extent?
28 July 2010
wehn pref shares are redeemed then the amount equal to the value of pref shares should be transferred to capital redemption reserve either from free reserves or securities premium
28 July 2010
The company has redeemed shares last year but not from the sources specified in the Act but from loan funds & no disclosure has been made in the audit report, neither the company has received any notice from any authority till date. Can the matter be regularised?
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