Companies Act, 1956
Section - 96 - Effect of conversion of shares into stock
Effect of conversion of shares into stock.96. Where a company having a share capital has converted any of its shares into stock, and given notice of the conversion to the Registrar, all the provisions of this Act which are applicable to shares only, shall cease to apply as to so much of the share capital as is converted into stock. .... To read the full section download the app from Google Play store
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