Which of the following securities is not redeemable?
A. Equity shares
B. Preference shares
C. Cumulative preference shares
D. Debentures
Answer: Option A
Solution(By Examveda Team)
Equity shares securities is not redeemable. Issuing redeemable equity shares would mean company is willing to pay back entire amount of the money invested by the equity shareholders. Hence, the companies act does not allow the equity shares to be redeemed.This Question Belongs to Commerce >> Business And Commerce
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