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Discussion > Professional Resource > Practise >

PROCEDURE FOR ISSUING REDEEMABLE PREFERANCE SHARES

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ACCOUNTANT

[ Scorecard : 25] 		Posted On 22 June 2010 at 11:39 Report Abuse

WHAT IS THE PROCEDURE TO ISSUE REDEEMABLE PREFARNCE SHARES FOR A PRIVATE LIMITED COMPANY.

Ash Jain
Chartered Accountant

[ Scorecard : 886] 		Posted On 22 June 2010 at 11:46

You need to pass the Board resolution fixing the terms and conditions and allotment of preference shares. then file form 2 with the ROC.

However AOA should contain authority to Board for issuing different class of shares.

 


Ash Jain
Chartered Accountant

[ Scorecard : 886] 		Posted On 22 June 2010 at 11:47

You need to pass the Board resolution fixing the terms and conditions and allotment of preference shares. then file form 2 with the ROC.

However AOA should contain authority to Board for issuing different class of shares.

 

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