Dear all,
Kindly let me know is it essential to get back the preference share certificate and cancel same once it is redeemed?
Thanks & Regards,
Gargi
Gargi Ranade (CS) (619 Points)
02 June 2010Dear all,
Kindly let me know is it essential to get back the preference share certificate and cancel same once it is redeemed?
Thanks & Regards,
Gargi
CA VINAY BANSAL
(In job with KPMG)
(289 Points)
Replied 02 June 2010
I think there is no statutory requirement but the same should be taken back so that no fraud situation can occur in future.