Forums

Redemption of preference shares

Accountancy

Sir, Can we Use security premium reserve to redeem the preference shares at premium ?


M V Naresh

M V Naresh

CA Final

3K+

04-Oct-20 10:43

295

Answers (2)

Yes , but such company not covered under sec.133 of the companies act , 2013 .


Srini Sriram

Srini Sriram

CA Final

3K+

04-Oct-20 11:20

Most companies would be covered in exception.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

04-Oct-20 12:13

Offer