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  • No preference shares can be redeemed unless they are
Multiple choice

No preference shares can be redeemed unless they are

  1. partly paid

  2. fully paid

  3. fully called paid

  4. partly called up

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

 As per Section 55, onl Fully Paid Preference Shares can be redeemed.

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