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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TDS RATE ON RENT PAID TO NRI
- TCS ON SOFTWARE SALES
- FREELANCING ACCOUNTANT
- Gst Audit dept
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
