banner_ad

redemption of preference shares

Statutory Audit 776 views 1 replies

hi

i have 1 query related to redemption of preference shares

The redemption of preference shares were due on 31st March 2004 & the same has been not redeemed till date.

Apart from the penalty of Rs. One thousand  per day & imprisonment for 3 years, any other thing related to such  non compliance of Sec 80. Also what is the time limit for filing the petition to CLB for reissue of redeemable preference shares?

Replies (1)
Dear Shazia As per Sec 80 of Cos. Act any co. making default of Sec 80 shall be liable to pay fine of Rs.10000 per day(not Rs.1000) untill the default continues.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details