Allotment of Pref. Shares

This query is : Resolved

CS Sandip Rahane (Querist)
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06 October 2009 Hello Professional
Our company issued Redeemable prf.shares and its redeemed within time.
But the entries not made in STatutory regi. of the cmpany.
Is it required to make entries of Pref. shares allo. in Statu. Regi?

Ankur Garg

Ankur Garg (Expert)
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06 October 2009 Hi,

As per my understanding preference shareholders are members of the company entitled to dividend and entitled to voting rights in certain cases. So register of preference shareholders should be maintained by the company as a mandatory register.

Regards

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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06 October 2009 Register of such members should be maintained. Ref:- Section 150 of The companies Act,1956.

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