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Section 55 - Issue and redemption of Preference Shares: A company limited by shares: o Cannot issue irredeemable preference shares, o can issue preference shares redeemable within a period up to 20 years (if authorized by articles), o can issue preference shares for more than 20 years and up to 30 years for infrastructure projects (provided redemption of a minimum 10% of such preference shares per year from the 21st year onwards or earlier) Section 71 - Conditions for issue of Debentures: Tenure for secured Debentures: · Maximum 10 years · Exceptions : allowed up to 30 years for: Company setting up infra projects Infrastructure Finance Company (NBFC-IFC) Infrastructure Debt Fund (NBFC-IDF) Company permitted by Govt./RBI/NHB
Directions: In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIA...
Embargo
Select the word which means the same as the group of words given.
Extreme fear of confined places
In each of the following questions, a word has been given and used in three statements. You are supposed to identify which of the statement/s use/s the ...
In each of the questions given below five words are given in bold. These words may or may not be in their correct position. Following each sentence fou...
Select the correct synonym of the given word.
Obligatory
In the following question, four words have been given out of which one word is incorrectly spelt. Select the incorrectly spelt word.
Wrath
Select the correctly spelt word.
Directions : A word is given followed by a sentence using that word or a form of that word. From the options below, choose the sentence that uses the w...
