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Redemption of preference shares

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

Makthala Venkata Naresh

Makthala Venkata Naresh

CA Inter

★ 3K+

04-Oct-20

57

Answers (2)

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

Srini Sriram

Srini Sriram

CA Inter

★ 3K+

04-Oct-20

Most companies would be covered in exception.

Suraj Lakhotia

Suraj Lakhotia

Admin

04-Oct-20

All the Best

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