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  • A company cannot issue redeemable preference shares for a...
Multiple choice

A company cannot issue redeemable preference shares for a period exceeding

  1. 6 years

  2. 7 years

  3. 8 years

  4. 20 years

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 As per Section 55, no company shall issue irredeemable preference shares or preference shares redeemable after the expiry of 20 years from the date of such issue.

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