126
Question
A company cannot issue irredeemable preference shares.
A company cannot issue irredeemable preference shares.
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Solution
The correct option is A True
A company may issue preference shares which are liable to be redeemed within a period not exceeding twenty years from the date of their issue under section 55 of the Companies Act 2013. A company limited by shares shall, can not issue any preference shares which are irredeemable.
A company may issue preference shares which are liable to be redeemed within a period not exceeding twenty years from the date of their issue under section 55 of the Companies Act 2013.
A company limited by shares shall, can not issue any preference shares which are irredeemable.
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