Question

Prefernece share can be redeemed in how many years under company act

Answer 1

Answer:

Redeemable preference shares, as per Companies Act 2013, are those that can be redeemed after a period of time (not exceeding twenty years).

Answer 2

Answer:

Explanation:

A company engaged in the setting up and dealing with of infrastructural projects may issue preference shares for a period exceeding twenty years but not exceeding thirty years, subject to the redemption of a minimum ten percent of such preference shares per year from the twenty first year onwards or earlier, on ...