Question
As per Companies Act, 2013, a company can issue secured
debentures with a maximum tenure of _______ years and preference shares with a maximum tenure of ________ years.Solution
Section 55 - Issue and redemption of Preference Shares: A company limited by shares: o Cannot issue irredeemable preference shares, o can issue preference shares redeemable within a period up to 20 years (if authorized by articles), o can issue preference shares for more than 20 years and up to 30 years for infrastructure projects (provided redemption of a minimum 10% of such preference shares per year from the 21st year onwards or earlier) Section 71 - Conditions for issue of Debentures: Tenure for secured Debentures: · Maximum 10 years · Exceptions : allowed up to 30 years for: Company setting up infra projects Infrastructure Finance Company (NBFC-IFC) Infrastructure Debt Fund (NBFC-IDF) Company permitted by Govt./RBI/NHB
In Which Year Did the Battle of the Hydaspes Take Place, Featuring Alexander the Great and King Porus?
What is the newly approved name of Zepto’s parent company as per the RoC filing?
The Tamil Nadu Government decided to collaborate with the Ministry of Education for what initiative?
Where was the 40th National Youth Basketball Championships held?
In what year was the Bombay Plan, advocating for economic planning in India, put forward?
_____________ won the men’s ICC Player of the Month award for December.
Which two countries will co-host the Women’s World Cup 2025 as per the ICC-UNICEF initiative?
What is the extended timeline for the Payments Infrastructure Development Fund ( PIDF ) scheme announced by the Reserve Bank of India ( RBI ) ?
For which class of students is the National Talent Search Examination (NTSE) conducted by the National Council of Educational Research and Training (NCE...
Consider the following statements about Indo-Pacific Economic Framework for Prosperity (IPEF):
1. It was launched to build economic integration...
Relevant for Exams:
