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    Issue of Preference Shares Reclassification

    Posted By : SHALU / Published on : 01-Jul-2021 04:22 PM / View : 525 / Comment : 0

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    Dear All

    A Private Limited company having only equity share capital now wants to increase authorised capital and also issue of preference shares.

    1. Is reclassification of equity shares into preference shares permitted? Can company only pass special resolution in Extra-ordinary general meeting for increase in authorised capital and give bifurcation of its equity and preference shares
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