Conversion of preference shares to equity shares, pls help

1946 views 3 replies

Friends,

We have issued Fully Convertible Preference Shares few years ago. As per the terms and conditions of issue, the shares are liable for conversion on today's date.

We would like to know the procedure for the same giving reference to the related sections of the companies act 1956

What if all my authorized equity capital is already subscribed?

Regards,
Suraag

Replies (3)

Please file form 2 with ROC  under section 95 allot share for consideration other than cash . write consideration preference share in other items of coloum 4 and value of preference shares also below coloum. No need to increase authorised capital as total paid up capital shall remain same as you have to fill new paid up break-up in form where you will fill 0 in preference catogery and increase equity paid up with amount equal to preference shares.

Thank U Mr. Rajeev. Does the Conversion require any resolution to be passed? If yes, ordinary/special ??

yes please pass board resolution for conversion and allotment of  share.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details