Issue Convert. Preferance Share @ Premium
This query is : Resolved
02 February 2011
Can a Private Company Issue 0% convertable preferance shares at premium?
02 February 2011
There is no bar in the Companies act to issue Convertible debenture by a Private Limited Company at a premium.
02 February 2011
Thanks A lots sir.
02 February 2011
But My quary is convertable preferance share not the debenture
03 February 2011
No Convertible preference share is not a debenture. It is a part of the Company. Your Cpaital clause of Memo should contain the amount up to which a company can issue Convertible preference share. If there is no provison in MEMO. You first has to amend Memo & Article
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