📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    No company limited by shares shall, after the

    commencement of this Act, issue any preference shares which are_______. 
    A Redeemable Correct Answer Incorrect Answer
    B Irredeemable Correct Answer Incorrect Answer
    C Cumulative Correct Answer Incorrect Answer
    D All the above 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

    Relevant for Exams:

    ask-question