Redemption of preference share
This query is : Resolved
CA Manish Sukhani
(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?
Guest
Guest
(Expert)
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.
If terms permit preference shares can be redeemed earlier.
Yes, you are liable to pay dividend pro-rata.
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