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what does the term "unclassified shares" mean?

This query is : Resolved 
 


Querist : Anonymous (Querist) 09 April 2011

what does the term "unclassified shares" mean? please explain by giving an example.


RAMESH KUMAR VERMA (Expert)
18 April 2011

Unclassified share means that shares will classified as Equity or Preference at the time of issue .


for more info link is :-

http://www.caclubindia.com/experts/reclassification-of-unclassified-shares-86771.asp



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