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Re-Issue of Forfeited Shares

A company can...

Question

A company cannot issue redeemable preference shares for a period exceeding _____________.

A

5 years

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B

10 years

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C

15 years

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D

20 years

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Solution

The correct option is D 20 years
A company may issue preference shares for a period exceeding 20 years but not exceeding 30 years (Specified in Schedule VI).

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