Board resolution, redemption of preference shares
A single format from the Redemption of Preference Shares pack. s.55(2) · s.55(3) · SH-7.
- 2 pages
- 27
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, redemption of preference sharess.55(2) · s.55(3) · SH-7
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
Extract from the minutes of the meeting of the Board of Directors of [Company Name] Private Limited held on [Date of board meeting approving redemption]
REDEMPTION OF REDEEMABLE PREFERENCE SHARES
The Chairman informed the Board that [Number of preference shares to be redeemed] [Dividend rate on preference shares (% a year)]% Redeemable [Cumulative / Non-Cumulative] Preference Shares of the face value of Rs [Face value of each preference share (Rs)] each, allotted on [Date the preference shares were allotted], fall due for redemption on [Date of redemption] in terms of the conditions of issue approved by the Members by a special resolution passed on [Date of special resolution approving terms of issue], at a redemption price of Rs [Redemption price per share (Rs)] per share, comprising the face value of Rs [Face value of each preference share (Rs)] and a premium of Rs [Premium on redemption per share (Rs)] per share, aggregating Rs [Total redemption amount (Rs)].