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Redemption of preference shares

Accountancy

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

M Naresh

CA Final

★ 3K+

04-Oct-20 10:43

510

Answers (2)

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

Srini Sriram

CA Final

★ 4K+

04-Oct-20 11:20

Most companies would be covered in exception.

CA Suraj Lakhotia

Admin

04-Oct-20 12:13