refer sec 55 of companies act,2013
1. should be redeemed within 20 years frm the date of issue except for infrastrucure project subject to compliance witrh specified conditions.
compliance actions:
check aoa
BR for issue of pref.shares
SR for issue of pref. shares
file MGT-14 fr the same alongwith explanatory statement(wihin 30 days of passing resolution)
PAS-3 with list of allottees,valuation report,BR.SR(within 30 days of allotment)
MGT-1 for entry in register of members(within 7 days of allotment)
issue share certificate
stamp duty as payable as per act
REDEMPTION:
AOA shouls authorise
BR toa uthorise redemption out of profits or proceeds of fresh issue of shares for this purpose
SH-7 for notice to registrar for alteration of share capital + BR
MGT-1 for entry in register of members