Conversion into section 25 company
This query is : Resolved
22 July 2010
Presently our company is registered as a Public Company under the Companies Act, 1956 but now we want to convert our company into section 25 company. In this regard I have the following queries
1.Can we convert our existing company into section 25 Company.
2.Presently we are having Preference Share Capital of Rs.10 Crores in the capital structure of the company, so can we continue to have preference shares even after the conversion into section 25 or we have to redeem the preference shares before conversion.
1.Can we convert our existing company into section 25 Company.
2.Presently we are having Preference Share Capital of Rs.10 Crores in the capital structure of the company, so can we continue to have preference shares even after the conversion into section 25 or we have to redeem the preference shares before conversion.
22 July 2010
Reply to both the queries is Yes. Conversion is possible and issuing preference shares is also possible.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- New Garden in Place of Old Garden
- Indian IT Portal issue in computing tax as per UK-India DTAA
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
