Dear All Learned Professionals.
Company A is a Listed Public Company. The Company had issued 25% cumulative redeemable non convertible preference shares to one of its shareholder. The Company finds it very difficult to pay the yearly dividend.
The Company wants to convert the 25% cumulative redeembale non convertible preference shares into equity shares before its redemption
Can the Company do so ?
If yes, what is the detailed procedure as per the new Companies Act, 2013
An early reply is solicited immediately
CAclubindia
