banner_ad

Pre-mature redemption of preference shares

Others 1048 views 1 replies
User Avatar

CA
29 Points Posted on 15 May 2013

Please tell me the procedure for premature redemption of preference share for both Pvt. Ltd & Ltd. Company?

0 Reply Share Follow
On 15 May 2013 at 17:52 Report
Replies (1)
User Avatar

Registered independent director Past Ch
8229 Points Posted on 21 May 2013

You have to take consent of at least 3/4th of preference shareholders for alteration of their rights u/s 106.  After that you can proceed for redemption as usual by passing Board resolution.

 

Thanks

 

 

Reply
On 21 May 2013 at 11:58


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details