Question
Download Solution PDFPreference share in India is issued by a company for a maximum period of:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 20 years
Key Points
- Under Section 55 of The Companies Act 2013, a company can issue preference shares liable to be redeemed at the end of twenty years. A company cannot issue an irredeemable preference share as per the Act.
- Preference shares are redeemable and the company has to redeem out of profits it earned or out of the proceeds of fresh issue of shares made for such redemption.
Last updated on Jun 6, 2025
-> The UGC NET Exam Schedule 2025 for June has been released on its official website.
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