Explain the term
Redemption
Reedemable
Ireedemable
Please Explain in Simple Words.............as i can understand.........!!
Thankyou.......!!
Harish Kumar (IPCC) (475 Points)
29 July 2012Explain the term
Redemption
Reedemable
Ireedemable
Please Explain in Simple Words.............as i can understand.........!!
Thankyou.......!!
Bhaavna
(Queen )
(1933 Points)
Replied 30 July 2012
REDEMPTION means the repayment of a debt security or preferred shares.
REDEEMABLE is mentioned to specify the nature preference shares that is issued with the intention to redeem(repay) after specified period
IRREDEEMABLE is mentioned when the debtures or preference shares that is issued without having intention to redeem(repay) to the holders of such securities
as per companies act no preference shares should be issued as irredeemable preference shares.
Means preference shares are to be redeemed after some specified period
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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