Preference Shares and Dividend

    Posted By : damini / Published on : 25-Feb-2020 07:43 AM / View : 107 / Comment : 0
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    1. Can there be reversal of entry of "Provision of dividend" shown in the B/s for the purpose of payment of dividend to Preference Shareholders (if got approval from the shareholders to not pay the same ) so that the same can be added to retained earnings and utilized for the purpose of redemption of Preference shares ?

    2. Can preference shareholders be redeemed on face value less than of issue ? The terms of issue doesn't contain anything about face value and the Companies Act doesn't have a provision on it.

    The Company is a Private limited Company and the preference shareholders are promoters of the Company.
    Read more on : dividend shares preference



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