A company cannot issue redeemable preference shares for a period exceeding
A. 10 years
B. 20 years
C. 30 years
D. 15 years
Answer: Option B
Solution(By Examveda Team)
A company cannot issue redeemable preference shares for a period exceeding 20 years. A company may issue preference shares which are liable to be redeemed within a period not exceeding twenty years from the date of their issue under section 55 of the Companies Act 2013.This Question Belongs to Commerce >> Accounting
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