plz tell the maximum time limit fr redemption of preference shares in company act?
2 Replies
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 03 September 2010
Sec.80(5A) provides that no compnay shall issue any irredeemable preference shares or any preference shares having redeemable after the period of 20 yrs.
So the maximum time for redemption of preference shares is 20 yrs.
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