Catchwords
Corporations law – Shares – Redeemable preference shares – Shares issued as "redeemable preference shares" – No shares over which redeemable preference shares took preference then or later issued – Whether preference shares required ordinary shares to be issued – Whether redemption of shares effective.
Words and phrases – "issued share", "ordinary share", "preference share", "redeemable".
Companies Act 1961 (NSW) – ss 61, 66.
Corporations Act 2001 (Cth) – ss 254A, 254J.