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premature redemption of preference shares

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(Querist)
22 February 2010 do we require the approval of equity shareholders also for redemption of premature preference shares?
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Rasesh

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Rasesh (Expert)
23 February 2010 If the redemption is not in line with the terms and conditions decided at the time of issue ofthe pref shares, then it would be possible only after coplying with he provisions for variation in rights of shareholders.

once you obtain their approval, redemption is possible.
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