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Regarding issue of preference shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 December 2009 1.Can a private ltd company isssue reedemable cumulative preference shares?
2.What would be the procedure under the companies law?
3.When is DDT required to be paid?
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Rasesh

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Rasesh (Expert)
23 December 2009 1) Yes
2) Board Resolution for allotment of shares, Filing Form 2 with ROC
3) DDT is to be paid within 15 days of declaration or payment of dividend.
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