Optionally convertible preference shares
This query is : Resolved
Amit dimri
(Querist)
28 July 2016
can a company issue optionally convertible preference shares as per companies act, 2013??
urgent.
Thanks
urgent.
Thanks
nandlal thakur
(Expert)
29 July 2016
Dear Querist
YES, as per section 55 of the companies act, 2013 read with rules companies (share capital and debenture) rules, 2014. as its provides that a company may issue every type of preference shares excluding irredeemable preference shares by complying with the provisions of this section and rules made there under.
YES, as per section 55 of the companies act, 2013 read with rules companies (share capital and debenture) rules, 2014. as its provides that a company may issue every type of preference shares excluding irredeemable preference shares by complying with the provisions of this section and rules made there under.
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