Redeemable Preference Shares
This query is : Resolved
Hiral S Vikmani
(Querist)
25 November 2010
Can a redeemable preference shares be converted into equity shares in a private company?
udit sharma
(Expert)
25 November 2010
Hi...
In my opinion Redeemable Preference Shares can only be redeemed either at par or premium at the option of the Company as per the terms of issue and cant be converted into Equity Shares. Only Fully / Partly Convertible Preference Shares can be converted into Equity Shares of the Company.
God Bless
Udit Sharma
In my opinion Redeemable Preference Shares can only be redeemed either at par or premium at the option of the Company as per the terms of issue and cant be converted into Equity Shares. Only Fully / Partly Convertible Preference Shares can be converted into Equity Shares of the Company.
God Bless
Udit Sharma
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