Multiple Choice Questions on A Public Company can issue either redeemable or irredeemable Preference shares True or False ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

A Public Company can issue either redeemable or irredeemable Preference shares True or False ........

Companies Act-Phase (I & II) Share capital and debentures
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    A Public Company can issue either redeemable or irredeemable Preference shares. True or False.

    True

    Incorrect Answer

    False

    Correct Answer

    Partly False 

    Incorrect Answer

    Partly True

    Incorrect Answer
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    Explanation:

    According to Section 55(1) of the Companies Act, 2013, Issue of Irredeemable Preference shares is prohibited i.e. only redeemable Preference shares can be issued by a Company.

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