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