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      Question

      No company limited by shares shall, after the

      commencement of this Act, issue any preference shares which are_______.┬а
      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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