Conversion of equity shares into prefrence shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 December 2013 Dear members please suggest me can already issued equity share be converted into Prefrence Shares.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
29 December 2013 no. but you can buyback and issue preference shares to the same shareholders.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 December 2013 at present there is no such provision.
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