Preference shares
This query is : Resolved
28 September 2011
Preference shares are issued in 1990 and as irredeemable and The Company wants to redeem the shares now and Company wants to redeemed the shares at a Discount and not at the par value.
Please give the guide lines of that and any circular??
And also send the procedure of the same.
Please give the guide lines of that and any circular??
And also send the procedure of the same.
29 September 2011
Sir,
in my opinion, After amendment in companies act in 1996 no company can now issue irredeemable preference shares but company who has already issued it can now redeem it treating them same as redeemable.
Kindly let me know whether this solution has solved your query.
Regards,
CS Sumat Singhal
in my opinion, After amendment in companies act in 1996 no company can now issue irredeemable preference shares but company who has already issued it can now redeem it treating them same as redeemable.
Kindly let me know whether this solution has solved your query.
Regards,
CS Sumat Singhal
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- ASMT-10 received from A O
- ITR-3 File/Error Found
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Difff in ais receipts and gst turnover
- Gst on travel by air for business purposes
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
