Optionally convertible preference shares

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Amit dimri

Amit dimri (Querist)
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28 July 2016 can a company issue optionally convertible preference shares as per companies act, 2013??

urgent.

Thanks

nandlal thakur

nandlal thakur (Expert)
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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.

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