ethics civics MCQ #1608

A company cannot issue redeemable preference shares for a period exceeding:

ethics civics MCQ #1608

  1. Question 1

    Q1. A company cannot issue redeemable preference shares for a period exceeding:

    • A) 5 years
    • B) 10 years
    • C) 15 years
    • D) 20 years

    Answer: 20 years

    Explanation: Under the Companies Act 2017 of Pakistan, a company cannot issue redeemable preference shares for a period exceeding 20 years from the date of issue.