Alteration in terms fixed for redeemable preference shares

Sangeetha Chinnasamy (CS) (33 Points)

10 May 2014  

Dear Friends,

We have issued Redeemable Preference Shares before 1year with rights fixed for the term of 7 years.

May I know whether, the terms fixed can be extended as per new act, if so kindly let me know the procedures for the same.

It  is a listed co but having unlisted preference shares.

Thanks in advance

Rgds

Sangeetha