Further issue of preference share
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 February 2011
1)Is further issue section 81 of companies act applicable to preference share also.
2)A company did not pay any dividend to its preference share holders in 2009-10 due to shortage of profit. Can it issue more preference share in 2010-11.Please give reference of sections if any?
2)A company did not pay any dividend to its preference share holders in 2009-10 due to shortage of profit. Can it issue more preference share in 2010-11.Please give reference of sections if any?
udit sharma
(Expert)
12 February 2011
1) Preference shares are also covered under section 81 of the Companies Act, 1956
2) Yes...you can issue further preference shares....there should not be any issue as such in my opinion...
Experts ur views please...
God Bless
CS Udit Sharma
2) Yes...you can issue further preference shares....there should not be any issue as such in my opinion...
Experts ur views please...
God Bless
CS Udit Sharma
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