Accountancy, asked by flamehunter766, 1 month ago

prefrence share can be redeemed in​

Answers

Answered by bamanedhanashree123
1

Answer:

As per Sec. 80 of the Companies Act, preference shares can only be redeemed out of profits of the company which would otherwise be available for dividend or out of the proceeds of a fresh issue of shares made for the purpose of redemption

Explanation:

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