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Forfeiture of Shares-Issued at Premium

Redeemable Pr...

Question

Redeemable Preference Share Can Be Redeemed Out Of (A)Divisible Profits(B)Proceeds Of Fresh Issue Of Shares(C)Both (A) And (B)(D) None Of These

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Solution

The correct answer is (B)Proceeds Of Fresh Issue Of Shares

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Similar questions

Q. Consider the following statements:
(1) Preference shares can be redeemed either out of profit of the company or out of the proceeds of fresh issue.
(2) Preference shares are redeemed after equity shares.
(3) Preference shareholders have preference right as to dividend as well as return of capital.
(4) A company cannot issue preference shares redeemable after 20 years.
The correct statements are ________________.

Q. Which company can issue redeemable preference shares?

Q. Redeemable Preference shares of Rs.

1, 00, 000

are redeemed at par for which fresh equity shares of Rs.

80, 000

are issued at discount of

10 %

. The amount transferred to capital Redemption Reserve will be _______.

Q. Redeemable preference shares can be redeemed _____________.

Q. Redeemable preference shares of Rs. 1,00,000 are redeemed at par for which purpose fresh equity shares of Rs. 80,000 are issued at a discount of 10%. The amount to be transferred to Capital Redemption Reserve Fund will be ______________.

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