Answer Writing Practice - DAY10 - CS Executive Session 1

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Today's question company law

Q1. Give the procedure for reduction of share capital. ( Chapter share capital )


Q2. A company has not declared dividend from past 4 years. A preference shareholder file a suit against the company claiming that it is debt on company. Will he succeeds ???

Answer 1
Ans 2

Dividend is not debt on company, so pref sh holder's claim can't succeed

Handwritten
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