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Finding CGST and SGST

As per the Co...

Question

As per the Companies Act only preference shares, which are redeemable within __________ can be issued.

A

24

years

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B

30

years

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C

25

years

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D

20

years

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Solution

The correct option is D $20$ years
Companies are not entitled to issue irredeemable preference shares. As per the companies act Companies can issue preference shares which are redeemable within 20 years of the date of issue.
Preference shares redeemable after a period of 20 years cannot be issued.

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