TheCorporations Act 2001 Requires That Where a Company Redeems Preference

question 80

True/False

TheCorporations Act 2001 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:

Biological Approach

A perspective in psychology and medicine focusing on biological and genetic factors to understand human behavior and diseases, emphasizing the importance of the body's biological systems.

Residential Colleges

Institutions that combine housing and education, offering students a community where they live and learn together.

Total Institutions

Institutions such as prisons, military, or mental hospitals, where all aspects of a person's life are controlled under a single authority, often leading to effects on individual identity and autonomy.

Medical Model

A framework for understanding health and illness that emphasizes biological factors and views treatment through medical intervention.