valid as on 17/09/2020

4.1.10-Companies (Share Capital and Debentures) Rules, 2014

10. Issue and redemption of preference shares by company in infrastructural projects.-

A company engaged in the setting up and dealing with of infrastructural projects may issue preference shares for a period exceeding twenty years but not exceeding thirty years, subject to the redemption of a minimum ten percent of such preference shares per year from the twenty first year onwards or earlier, on proportionate basis, at the option of the preference shareholders.


CAIRR PLUS on Google Playsecretarial automation?Subscribe for Updates