Hi All,
Can anyone please help in guiding the procedure of conversion of Director to Whole Time Director?
Dear Friends,
Please tell me the procedure for Conversion of Optionally convertible preference shares into equity shares.
Whether a valuation report is required or not.
shares
equity
preference
convertible
optionally
conversion
Dear All,
Please let me know if there are any drawbacks/ disadvantages of converting an existing unit into MSME category.
msme
into
converting
drawbacks
Hi,
Company wants to issue either Optionally Convertible Redeemable Preference Shares or Plain redeemable preference share on *Right Basis*, they want surety for valuation requirement for issue price, shares are being issued on premium.
As per my understanding Valuation is not required as the same is through right basis to resident. But the client has received a different view from professional that preference share issue requires valuation. Please Confirm
Also for redemption of shares whether valuation will be compulsory?
Thanks in anticipation
shares
preference
redeemable
convertible
optionally
We wants to convert loan into equity but at the time of issue company entered into convertible agreement but did not passed the SR. Now company want to convert partial amount . What procedure we required to follow ? Do we need to go preferential issue or private placement ?
Click here to view / answer Share it onequity
into
loan
convertion
We wants to convert loan into equity but at the time of issue company entered into convertible agreement but did not passed the SR. Now company want to convert partial amount . What procedure we required to follow ? Do we need to go preferential issue or private placement ?
equity
into
loan
convertion
I wanted to convert LLP into the company. But LLP has some open charges in its books.
Now can LLP can be converted into Company without the satisfaction of its charges?
Will the converted preferred shares be given a new securities identification number?
Click here to view / answer Share it onXYZ Private Limited issued Redeemable Preference Shares worth 50 crores to certain investors. The preference shares were redeemable after a period of 5 years. After two years of the issue, the company and the Investors reach a conclusion to convert these redeemable preference shares into convertible preference shares.
Issues for consideration:
a. Is it possible to change the terms of preference shares? Will such a change from ‘redeemable’ to ‘convertible’ be regarded as a ‘change in terms’?
b. What additional formalities will be required for effecting such a change? What are corporate actions will be required for effecting the change in terms?
c. What is the maximum period up to which preference shares can be issued? Can preference shares be issued at a premium?
preference
shares
convertible
into
redeemable
Can a company convert CCPs into equity shares after 20 years?
Click here to view / answer Share it onDear Sir,
Now my firm constitution is proprietor and file MEF Form for 2018-19. Now I decided to convert my proprietary concern into partnership firm after 15th April 2020.
when i file my MEF for 2019-20 i fill the details in MOC regarding any changes made then in next year when bank statutory audit allotted to me then is it allotted in the name of partnership firm or proprietary firm, please advise. or if it is allotted in the name of proprietorship concern then how I sign the audit report in the capacity of propretor as I am a partner in the firm at that time. Thanks in advance.
partnership
firm
into
concern
proprietary
convert
Please shareChecklist for issuance of non-convrtible debentures
Click here to view / answer Share it ondebentures
convertible
