Coversion of equity shares
This query is : Resolved
CS Vijay Daxini
(Querist)
02 January 2014
can i convert equity shares of a pvt. ltd. co. into pref shares ? if yes please give statutory reference.
thanks in advance
CS Adnan Shaikh
(Expert)
02 January 2014
Dear Vijay,
You cannot convert equity shares into preference shares. Alternatively you can buyback equity shares and issue preference shares to same shareholders.
Regards,
Adnan
You cannot convert equity shares into preference shares. Alternatively you can buyback equity shares and issue preference shares to same shareholders.
Regards,
Adnan
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