Redemption before lock in period
This query is : Resolved
Dipak Gulhane
(Querist)
22 October 2012
Can any expert guide me about whether it is possible to redeem Preference shares before lock-In-Period....if Investor have any emergency of fundd?
I have to answer to my Student....Plz guide in detail.
07276993000 Dipak Gulhane
I have to answer to my Student....Plz guide in detail.
07276993000 Dipak Gulhane
Amol S Joglekar
(Expert)
22 October 2012
No, that is not possible. It will defeat the very purpose of REDEMPTION after lock in period.
Dipak Gulhane
(Querist)
22 October 2012
Tnx sir, but as i searched on web....its somewhat appears that it will b possible if prosectus contains clause for that or if company agrees on application by P.Shares holder.
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