Coversion of equity shares
This query is : Resolved
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
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
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
- ITR-3 ignores Section 211 (1) (b) for Professionals u/s 44ADA
- EXEMPTION UNDER SECTION 54 FOR UNDER CONSTRUCTION FLAT
- Deduction for HUF
- Nill TDS Return FY 2025-26
- Upload Level Validation Error
- How to add NRE account to income tax profile?
- Salary u/s 194C
- Filing ITR U
- AY2025-26- Bug in ITR2 Online Filing - TDS Section related to Property Sale
- Error while filing ITR3 AY2025-26
- GST ITC in ECL and GST PURCHASES DATA IN AIS
- GST rate on monthly hiring of commercial vehicle given for transportation.
- TAXABILITY OF STATE INSURANCE MATURITY RECEIPTS BY RAJASTHAN GOVERNMENT EMPLOYEE ON RETIREMENT ?
- Document to add trade name
- GST Partners addition
- Non-disclosure of Foreign Shares & Dividend in Past ITRs – How to Rectify & Report Now?
- ICWAI-Final best coaching center for online by English
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Refund_ Insufficient in credit ledger
- EPF Withdrawal Where to show in ITR2
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
