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    Question

    The preference shares should be redeemed with in a

    period of
    A Not exceeding 10 years Correct Answer Incorrect Answer
    B Not exceeding 15 years Correct Answer Incorrect Answer
    C Not exceeding 20 years Correct Answer Incorrect Answer
    D Not exceeding 25 years Correct Answer Incorrect Answer

    Solution

    Company cannot issue redeemable preference shares with a term exceeding 20 years for redemption

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