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
If your authorized capital is fully subscribed, then the company has to pass a special Resolution in the general meeting to increase the limit of the Authorized capital & the altered copies of the Memorandum of Association are required to submitted to the ROC.
Thank U Mr. Karandikar,
Whether any Resolution to be passed for the conversion of the Preference Shares to Equity Shares... Special/ordinary...
Please Guide
CAclubindia
