Consolidation of share capital

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What if 10000 shares of10/- each is converted into 1000 shares of100/- each? What it will be known as, whether it is consolidation or subdivison?

 

Another query is, in the case of consolidation can preference share capital (which is issued) be converted into Equity shares or only unissued portion of preference capital be converted into equity capital.

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On 08 December 2011 at 17:42 Report
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Asst. Company Secretary
101 Points Posted on 14 December 2011
It is called as consolidation of shares
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On 14 December 2011 at 11:21
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At Practice
732 Points Posted on 14 December 2011

i think it is called consolidation of shares.......correct me if i m wrong

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On 14 December 2011 at 11:42
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Pls answer my second query also :

 

Whether in the case of consolidation preference share capital (which is issued) be converted into Equity shares or only unissued portion of preference capital be converted into equity capital.

 

I await replies of esteemed experts.

 

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On 14 December 2011 at 19:02

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