Preference shares
This query is : Resolved
Sanjeev Agarwal
(Querist)
26 February 2016
Can a company issue preference shares having both option of redemption as well as conversion?
CS Divesh Goyal
(Expert)
28 February 2016
Mr. Sanjeev,
Yes Company can issue shares with both the option.
Because As per Act Company cant issue prefrence shares which are irreedemable. So its shown that it is mandatory to reedem.
SEcond you can issue convertible preference share "but not compulsary convertible.
Yes Company can issue shares with both the option.
Because As per Act Company cant issue prefrence shares which are irreedemable. So its shown that it is mandatory to reedem.
SEcond you can issue convertible preference share "but not compulsary convertible.
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