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Issuance of Preference Shares, Income Tax |
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Issuance of Preference Shares |
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Can a Holding Company issue preference share to a subsidiary company. Is there any limit for issuing the preference share Capital. John Shannel Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Holding Company can issue Preference Shares to Subsidiary Company. There is no restrictions as per the Companies Act, 1956. However please also refer "Preferential Allotment (Unlisted Public Companies) Rules". As regarding the limit please get compliance for the provisions of Section 81(1A)- Further issue of Capital Section 372A- Inter-Corporate Loans & Investments and other appliable provisions of the companies act. Page: 1 Old Query - New Comments are closed. |
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