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Redemption of preference shares

This query is : Resolved 
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(Querist)
04 March 2014 Can preference shares issued at premium be redeemed at par ?

Any Company Law reference available in this regard ?
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
05 March 2014 Yes, preference shares issued at premium may be redeemed at par, as per the terms of issuance thereof.
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