Should the Authorised Capital of the Company today include the number of equity shares that will be issued at the time of conversion?
Menu
Issue of Compulsorily Convertible Debentures
Replies (2)
Quick Summary
Yes ,It's Recommended ,else at the time of conversion , you have to first increase Authd capital and it may halt conversion exercise if shareholders go against the resolution..thnx
Its not necessary to increase the authorized capital at this point, but later at the time of conversion if the authorized capital falls short then that time you can increase the same.
Recent Topics :
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
Related Topics :
CAclubindia
