Company law
This query is : Resolved
11 March 2012
CAN A PRIVATE LIMITED COMPANY CONVERT ITS UNSECURED LOAN IN TO REDEEMABLE PREFERENCE SHARES?
11 March 2012
Hi
You can do so, but for this you may enter into new subscription agreement with the lender of unsecured loan. It will be an option in earlier loan agreement to convert the loan amount into redeemable preference shares.
Regards
You can do so, but for this you may enter into new subscription agreement with the lender of unsecured loan. It will be an option in earlier loan agreement to convert the loan amount into redeemable preference shares.
Regards
Message likes :
1 times
14 March 2012
Agree with expert!!
Company can do so in Board Meeting!!
Company can do so in Board Meeting!!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Taxability of credit in canara bank ET & T section (NRO)
- ITR-3 File/Error Found
- Loss of interest in PF transfer from EPFO to Trust
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
