extention of period of redeemable preference share.
This query is : Resolved
07 April 2009
dear all,
pls advice me about the way to extend the period of reedemable preference shares of my company. the redeemption period of the such shares was 3yrs(locking).
pls, as per section 80a, should i file an application to tribunel.
or
simple callng BR meeting and EGM of such class shareholders to extened the period .
Advice me as soon as possible.
pls advice me about the way to extend the period of reedemable preference shares of my company. the redeemption period of the such shares was 3yrs(locking).
pls, as per section 80a, should i file an application to tribunel.
or
simple callng BR meeting and EGM of such class shareholders to extened the period .
Advice me as soon as possible.
17 April 2009
Extending the term of redeemption is like changing the terms of preference shares.
hence any such change can be made only with the prior approval of preference holders.
thus you can change by passing the resolution in class meeting of preference shareholders
hence any such change can be made only with the prior approval of preference holders.
thus you can change by passing the resolution in class meeting of preference shareholders
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
- Opting our of sec 44AD
- Value of property in capital gain
- Copyright software
- Form 121 & TDS deduction
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
