Non-convetible preference shares

Madhura (CS Trainee) (461 Points)

20 August 2010  

Dear friends, If a company have issued non convertible preference shares and accumulated dividend on the same due to losses, what will be the best thing which could be done with preference shares?

a)reedeem those shares

b)transfer them into convertible (is this possible?)

c)some other option..plz suggest