Multiple Choice Questions on A infrastructure project can issue redeemable preference shares for a period exceeding 20 years ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

A infrastructure project can issue redeemable preference shares for a period exceeding 20 years ........

Companies Act-Phase (I & II) Share capital and debentures
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    A infrastructure project can issue redeemable preference shares for a period exceeding 20 years-

    A company cannot issue redeemable preference shares for a period exceeding 20 years as per the provisions of the companies act

    Incorrect Answer

     Can Issue but the period should not be more than 30 years.

    Correct Answer

    A company cannot issue redeemable preference shares for a period exceeding 30 years as per the provisions of the companies act

    Incorrect Answer

    Can Issue but the period should not be more than 40 years

    Incorrect Answer
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    Explanation:

     As per sec 55 only exception to the term of issue of redeemable preference shares is Infrastructure projects. However they cannot Issue for the term exceeding 30 years.

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