Please tell me the procedure for Conversion of Optionally convertible preference shares into equity shares.
Whether a valuation report is required or not.
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
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.
Please confirm whether optional convertible debentures within 10 years be considered as a deposit?
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