Accountancy, asked by mamtajaiswal50000, 2 months ago

which are the divisible profit in redemption of preference shares​

Answers

Answered by geetasahani
0

Answer:

In terms of the provisions of Section 55 (2) of the Act, redeemable preference shares shall be redeemed out of the 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 purposes of such redemption

Explanation:

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