Menu
Preference shares
how can we change non cumulative preference share to cumulative pref. share???
Replies (1)
Pursuance to section 55 read rule 9 of the Companies Act, 2013 which doesn't allow to change the class of preference share non-cumulative to cumulative preference share.
However, section 48 of the Companies Act, 2013 allow such variation subject to fulfilment of the condition as mention thereunder.
This is based on my understanding of the provisions of the companies Act, 2013.
Recent Topics :
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
Related Topics :
CAclubindia
