26 July 2014
in the previous year, an unlisted public limited company had 0.25% convertible preference shares, issued during F.Y. 2009-10 redeemable at par or convertible into 10 equity shares after 12 years, but in F.Y. 2013-14 they have converted it into 0% convertible preference shares convertible into equity shares after 12 years. Can this be done