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Redemption of preference shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 February 2012 a company does not have sufficient funds to redeem its prefernce shares it wants the prefernce shares to continue as it is , is it possible if yes plz also give the procedure
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Ajay Mishra

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Ajay Mishra (Expert)
28 February 2012 Hi

Yes you can, but it will decide between company and shareholders that it will redeems or issue fresh preference shares or fresh issue of capital.



Regards
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Guest

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Guest (Expert)
28 February 2012 Preference shares should be redeemed as per its terms of issue.
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