Preference Shares can be redeemed out of ........

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

Preference Shares can be redeemed out of-

Reserve for debenture redemption reserve only

Profits only

Secret reserve made out of capital profits and charging low depreciation

It is the discretion of the company and its share holders

Company can redeem Preference shares out of profits only which are available for payment of dividend.

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