Q992
Which one of the following statements is wrong?
A.
Only fully-paid Preference Shares can be redeemed by a company
B.
Premium payable on Redemption of preference Shares can be privided for out of company's share premium account
C.
Partly-paid Bonus Shares cannot be issued out of capital redemption reserve fund
D.
Redeemable Preference Shares can be redeemed only out of profits of the company
AnswerAnswer: Option D
Solution
Answer: Option D
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