Common use of Redeemable Preference Shares Clause in Contracts

Redeemable Preference Shares. Subject to the provisions of these Articles and of the Act, the Company shall have power to issue preference Shares which may, at the option of the Company, be liable to be redeemed out of the profits or out of the proceeds of a fresh issue of Shares made for the purposes of such redemption. The Board may, subject to the provisions of Section 55 of the Act and the Companies (Share Capital and Debenture) Rules, 2014, exercise such power in such manner as it may think fit.

Redeemable Preference Shares. Subject The Company, subject to the applicable provisions of these Articles the Act and the consent of the ActBoard, the Company shall have the power to issue on a cumulative or non-cumulative basis, preference Shares which may, at the option of the Company, be shares liable to be redeemed out of in any manner permissible under the profits or out of Act, and the proceeds of a fresh issue of Shares made for the purposes of such redemption. The Board Directors may, subject to the applicable provisions of Section 55 of the Act and the Companies (Share Capital and Debenture) Rules, 2014Act, exercise such power in such any manner as it may think they deem fit and provide for redemption of such shares on such terms including the right to redeem at a premium or otherwise as they deem fit.

Redeemable Preference Shares. Subject The Company, subject to the applicable provisions of these Articles the Act and the consent of the Act, the Company Board,shall have the power to issue on a cumulative or non-cumulative basis, preference Shares which may, at the option of the Company, be shares liable to be redeemed out of in any manner permissible under the profits or out of Act, and the proceeds of a fresh issue of Shares made for the purposes of such redemption. The Board Directors may, subject to the applicable provisions of Section 55 of the Act and the Companies (Share Capital and Debenture) Rules, 2014Act, exercise such power in such any manner as it may think theydeem fit and provide for redemption of such shares on such terms including the right to redeem at a premium or otherwise as they deem fit.