Procedure of conversion of preference shares into equity sha
This query is : Resolved
23 December 2009
i need to know the full procedure for conversion of preference shares into equity shares. company has Rs. 4,00,000 prefernce shares. as per articles of association, these shares are not convertibe preference shares.
23 December 2009
If the shares are not issued as convertible preference shares, then they cannot be converted into equity.
The only option available is redeem the preference shares and issue of new equity shares.
The only option available is redeem the preference shares and issue of new equity shares.
24 December 2009
if i amend the aricles of association and make these preference shares as convertible preference shares...??
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