alleryStart learning →After the 2013 Act, a company limited by shares may issue preference shares that are:
AIrredeemable in nature
BPerpetual in nature
CConvertible at will
DRedeemable in nature
Answer & Solution
Correct answer: D. Redeemable in nature
Irredeemable preference shares cannot be issued, so only redeemable ones are allowed.
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