Redemption of preference share
This query is : Resolved
12 December 2011
Can preference share be redeemed before its redemption date? If yes than whats the procedure for that? And whether liability for dividend shall be arise if redeemed before ending of the financial year?
13 December 2011
A preference shares can be redeemed before its terms subject to approval according to the provisions of Section 106, terms of issue and approval of Equity Shareholder of the company , as well as provisions of Articles of Association of the Company.
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