A company cannot Issue ........

Companies Act-Phase (I & II) Share capital and debentures

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A company cannot Issue

Redeemable preference shares

Irredeemable preference shares

Convertible preference shares

Non-convertible preference shares

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Explanation:

A company cannot issue redeemable preference shares for a period exceeding 20 years. A company may issue preference shares which are liable to be redeemed within a period not exceeding twenty years from the date of their issue under section 55 of the Companies Act 2013.

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