Redemption of Preference Shares

All companies with outstanding redeemable preference shares. Redemption must be from profits (transferring equivalent amount to Capital Redemption Reserve) or fresh issue of shares.

Your capital structure is the backbone every other corporate decision rests on. Section 55(2) is the line every share movement has to respect. Concretely: no subsisting default in redemption of earlier preference shares or dividend payment on any preference shares. Fi CTC Generator gets you there in under 3 minutes — correctly, the first time.