Company Law Usually Requires That Where a Company Redeems Preference

question 8

True/False

Company law usually requires that where a company redeems preference shares it must do so out of profits that would otherwise be available for dividends or out of the proceeds of a fresh issue of shares made for the purpose of the redemption.

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Definitions:

American Sign Language

A complete, natural language that serves as the predominant sign language of Deaf communities in the United States and most of Anglophone Canada.

Nativist Theory

The perspective that certain skills or abilities are innate and hardwired into the brain at birth.

Neurological Prewiring

The concept that certain pathways and neural networks in the brain are pre-established, influencing future learning and behavior.

Language Development

How children learn to understand and express language during their early developmental stages.