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The company will repay the amount of share capital to the holders of shares after the fixed period or even earlier at the discretion of the company is called as…………….. shares
Redeemable Preference shares
Convertible Preference shares
Participating Preference shares
Non-Participating Preference shares
As per Section 55(2) Companies Act, Issue Preference shares which are liable to be redeemed within a period not exceeding 20 years from the date of their issue subject to such conditions as may be prescribed., but in case of infrastructure company, Period of redemption is period exceed 20 years but not 30 years as specified under schedule VI.
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