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
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XYZ 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
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into
redeemable
Please shareChecklist for issuance of non-convrtible debentures
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convertible
Dear Members, Anyone have issued unsecured non-convertible debentures for a pvt co? What is the procedure?
debentures
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private
Can anyone send me the complete procedure and drafts for converting CCD into equity shares on maturity
equity
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compulsory
convertible
conversation
Dear Members,
Can a Private limited Company issue OCDs under Companies Act, 2013.
If yes, Can somebody tell me what are the compliances that needs to be done post issue of Optionally Convertible Debentures (OCDs)?
Thanks in advance.
debentures
convertible
optionally
Dear all,
If anybody has done work on the subject matter mentioned above. Kindly let me know the procedure of the same.
Dear Members,
Please provide me the procedure for transfer of compulsorily convertible debentures in case of a private Company.
Kindly provide with the Solution.
debentures
convertible
compulsory
transfer
procedure
Dear Members
Please Suggest me
Procedure for Transfer of Equity Shares and Non Convertible Debentures from Non-Resident to Non Resident and Also please tell whether we have to report to RBI or not?
resident
debentures
convertible
shares
transfer
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procedure
Dear Members,
Please confirm whether optional convertible debentures within 10 years be considered as a deposit?
Kindly Help.
considered
deposit
debenture
convertible
optional
whether
Can a Private Limited Company issue convertible warrants to its Promoters Directors?
If yes. Whether there are any provisions similar to Regulation 75 & Regulation 77 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, regarding tenure of convertible securities and Payment of consideration which are applicable to Private Limited Company?
Dear Members, I have questions pertaining to the issue of the fully convertible debenture to Foreign Citizen. 1.Is valuation required for issue of mandatory convertible debentures to Foreign Citizen? 2.In Debenture subscription agreement, can we mentioned that shares will be allotted at a price valued after a fixed say 3 years tenure. or we have to specify the price in the agreement itself?? 3.After receipt of subscription money, ADR needs to file electronically, do we need to file FIRC and KYC of Debenture holder also??
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foreign
debenture
convertible
fully
