redemption of preference share
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Redemption of preference shares means repayment by the company of the obligation on account of shares issued. According to the Companies Act, 2013, preference shares issued by a company must be redeemed within the maximum period allowed under the Act. Thus, a company cannot issue irredeemable preference shares.
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Redemption of preference shares means repayment by the company of the obligation on account of shares issued. According to the Companies Act, 2013, preference shares issued by a company must be redeemed within the maximum period allowed under the Act. Thus, a company cannot issue irredeemable preference shares.
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