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.

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