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Pref Shares -whether it can be issued any conditions ?
Dear Sir,
A Pvt. Ltd. Co. is having an Authorized Share capital of 90 Lakhs Rupees and Paid up Equity Share capital of 90 Lakhs Rupees. In such a case can a pvt. ltd. company issue Pref shares or it has to 1st compulsorily increase Authorized Share capital.
Please reply
Rajesh Poddar
Email: rajeshpoddarceo @ yahoo.com
Replies (1)
Dear Rajesh,
In your case first you have to increase your Authorised Share capital and then only you can issue Preference shares.
Best Regards
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