Math, asked by kokilapriya2002, 5 months ago

which of the following cah be utilised for the redemption preference shares of the company out of profit​

Answers

Answered by jain65151
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

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