Accounting · Corporate Accounting
According to the Companies Act, redeemable preference shares can be redeemed out of:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The sales proceeds of fixed assets
- 2The proceeds of a fresh issue of shares made for the purpose✓
- 3Securities premium reserve only
- 4The proceeds of a fresh issue of debentures
Correct answer
The proceeds of a fresh issue of shares made for the purpose
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