Redemption of preference shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 February 2012
a company does not have sufficient funds to redeem its prefernce shares it wants the prefernce shares to continue as it is , is it possible if yes plz also give the procedure
28 February 2012
Hi
Yes you can, but it will decide between company and shareholders that it will redeems or issue fresh preference shares or fresh issue of capital.
Regards
Yes you can, but it will decide between company and shareholders that it will redeems or issue fresh preference shares or fresh issue of capital.
Regards
Guest
Guest
(Expert)
28 February 2012
Preference shares should be redeemed as per its terms of issue.
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