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?
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- Management System (IMS)
- Putting a heading on received mail
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
