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Get Form T (1): Notice Of Redemption Of Preference ... - Company In Malta
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How to fill out the Form T (1): Notice Of Redemption Of Preference Shares - Company In Malta online
Filling out the Form T (1): Notice Of Redemption Of Preference Shares is a vital step for companies in Malta looking to officially redeem their preference shares. This guide will provide you with straightforward, step-by-step instructions to help you complete and submit this form online effectively.
Follow the steps to complete the form online.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Begin by entering the 'name of the company' in the designated field. Ensure the name matches your registered business name exactly to avoid any discrepancies.
- Fill in the 'date of redemption' for the preference shares being redeemed. Use the format required by the form to maintain clarity.
- Indicate the number of preference shares being redeemed in the appropriate section. Make sure this number is accurate and corresponds with your company records.
- Provide the 'total amount' to be redeemed for the specified shares. This must align with your financial documentation to ensure proper accounting.
- In the section for 'authorizing directors,' list the names of all directors who have approved this redemption. According to the form's requirements, at least two signatures are needed unless your Board has one director.
- Complete the date field for signing the document. This should reflect the current date or the date of the Board meeting where the decision was made.
- Review all inputs for accuracy, making sure there are no typographical errors or missing information.
- Once all sections are filled, save the changes. You may also choose to download, print, or share this form for further review.
Complete your Form T (1) online today to ensure compliance and to maintain smooth business operations.
A company can issue new shares (equity share or preference share) and the proceeds from such new shares can be used for redemption of preference shares. The proceeds from issue of debentures cannot be utilised for the purpose.
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