New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    As per the Companies Act no company limited by shares

    shall issue any preference shares which are______________
    A Redeemable Correct Answer Incorrect Answer
    B Irredeemable Correct Answer Incorrect Answer
    C Convertible Correct Answer Incorrect Answer
    D Either a b or c Correct Answer Incorrect Answer
    E Either a or b Correct Answer Incorrect Answer

    Solution

    Section 55.Issue and redemption of preference shares: (1) No company limited by shares shall, after the commencement of this Act, issue any preference shares which are irredeemable.

    Practice Next