No company limited by shares shall issue any preference share which is redeemable after the expiry of …….. years from the date of issue.

Related MCQs

• A company cannot issue redeemable preference shares for a period exceeding _________.
• A company cannot issue redeemable preference shares for a period exceeding ……….
• Those preference shares which do not carry the right of share in excess profits are known as ------- preference shares.
• At present, a company limited by shares cannot issue …..preference shares
• Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.
• When Redeemable Preference shares are due for redemption, the entry passed is
• The Time interval between the date of acquisition of shares in subsidiary company and date of Balance Sheet of Holding Company is known as :
• The time interval between the date of acquisition if shares in subsidiary company and date of balance sheet of holding company is known as :
• …………..shares are repayable after the expiry of the fixed period or at the option of the company.
• After completing ….years a company can issue shares at discount.