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
Menu
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.
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
