Conversion of preference shares into equity
This query is : Resolved
14 September 2013
My doubt is - can a company pass a board resolution to give effect conversion of convertible pref shares into equity with RETROSPECTIVE EFFECT ? Say due for conversion was 10/05/2013, but board thinks on 10/09/2013 to give effect the same from 10/07/2013.
Kindly help. Thank You.
Kindly help. Thank You.
14 September 2013
Hi
Please check what your article says on it.
Generally you can not allot shares retrospectively.
Please check what your article says on it.
Generally you can not allot shares retrospectively.
14 September 2013
My Pleasure.......
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