Preference shares issued shall be redeemable within a time period not extending 20 years. Irredeemable share are not allowed in India Issue of a Non-Convertible Preference Share must be authorized by Articles of Association of the company.  If AoA do not authorize, steps must be taken to alter it Such issuance of preference must be authorized by Special Resolution in the General meeting of the … Continue reading Issuance of Redeemable Non Convertible Preference Shares : Step by Step Process