Redemption of prefrence shares
This query is : Resolved
vandana bhatia
(Querist)
19 June 2012
under what circumstances is public notice required at the time of redemption of prefrence shares?
CS Mitesh Mehta
(Expert)
19 June 2012
In case of Redemption of Redeemable Preference Shares out of profit, Notice of book closure or record date as the case may be, need to be publish in a Newspaper
vandana bhatia
(Querist)
19 June 2012
thanks but i want to know is this provision is applicable to an unlisted company who has only one prefrence shareholder
CS Mitesh Mehta
(Expert)
19 June 2012
yes it is applicable to unlisted company
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