Multiple Choice Questions on The preference shares should be redeemed with in a period of ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

The preference shares should be redeemed with in a period of ........

Companies Act-Phase (I & II) Share capital and debentures
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    The preference shares should be redeemed with in a period of- 

    Not exceeding 10 years

    Incorrect Answer

    Not exceeding 15 years

    Incorrect Answer

    Not exceeding 20 years

    Correct Answer

    Not exceeding 5 years

    Incorrect Answer
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    Explanation:

    Company cannot issue redeemable preference shares with a term exceeding 20 years for redemption.

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