if company is in loss and wants to issue preference shares
& my query is in this situation company can issue or not preference shares
plz rly me
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preference shares
Replies (1)
hi sanjivani
As per section 55 there are certain conditions to be fulfilled before issuing preference shares which does not include the case requested by you.
so the company can issue preference shares even though it is in losses.
As per section 55 there are certain conditions to be fulfilled before issuing preference shares which does not include the case requested by you.
so the company can issue preference shares even though it is in losses.
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