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Redemption of preference share

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(Querist)
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?
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12 December 2011 Preference shares should be redeemed as per their terms of issue. Pls check terms and decide accordingly.

If terms permit preference shares can be redeemed earlier.

Yes, you are liable to pay dividend pro-rata.
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