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Redemption of prefrence shares

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(Querist)
19 June 2012 under what circumstances is public notice required at the time of redemption of prefrence shares?
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CS Mitesh Mehta

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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
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vandana bhatia

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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
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
19 June 2012 yes it is applicable to unlisted company
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