Question

A company decides to raise money by issue of preference shares. As per the Companies Act, it can issue preference shares with a maximum tenure of ________, or ________ if it is an infrastructure company.

A 10 years; 20 years
B 15 years; 25 years
C 20 years; 25 years
D 20 years; 30 years
E 25 years; 30 years
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