Dear Members,
Please guide on below mentioned query:
In a Private Company 7,00,000 preference shares of Rs. 10 each are converted into 52,778
equity shares of Rs. 10 each at a premium of Rs. 122.63 per share. No cash is paid to
existing preference shares for this conversion.
Now, in Form SH-7 do I have to select option convert (under head consolidation or division)
or redemption of shares.
What are mandatory attachments required in this matter in Form SH-7. Does any approval from Tribunal is also required?
Further, after approval of Form SH-7, do I have to file Form PAS-3 also.
Request you to please reply as early as possible. Your prompt reply shall be very helpful.
equity
into
shares
preference
conversion
1. Can there be reversal of entry of "Provision of dividend" shown in the B/s for the purpose of payment of dividend to Preference Shareholders (if got approval from the shareholders to not pay the same ) so that the same can be added to retained earnings and utilized for the purpose of redemption of Preference shares ?
2. Can preference shareholders be redeemed on face value less than of issue ? The terms of issue doesn't contain anything about face value and the Companies Act doesn't have a provision on it.
The Company is a Private limited Company and the preference shareholders are promoters of the Company.
dividend
shares
preference
Hi All,
Can anyone provide a draft letter of conversion of Loan into Preference Shares?
preference
shares
into
loan
conversion
letter
Dear sir,
One of the our company wants to issue a convertible preference shares through private placement. In this issue what is minimum period of conversion (i.e. after earliest which period company can converted its preference share into equity shares) as per Companies Act, 2013.
Please give your suggestion.
shares
preference
conversion
Dear Members,
Please guide in a private company 10,000 preference shares amounting to Rs. 1,00,000/- are to be converted into equity shares.
For this purpose, whether I shall require to select option "convert" or "redeem" in Form SH-7. Also, does I have to file Form PAS-3 since equity capital shall increase.
Your early reply shall be very helpful.
shares
equity
into
conversion
preference
Proceeds on redemption of unidentified holders preference shares if done in 2 years where to trf the funds before trfng to iepf after 7 years?
Click here to view / answer Share it onshares
preference
redemption
Dear All
Kindly guide for the issue of preference shares in Private Company.
company
private
shares
preference
issue
If a Company is not able to redeem the Preference shares within the period defined and also rollover of preference shares not done further, what are the consequences that will be faced by Company ?
Request to accord inputs in this regard please.
shares
preference
Respected Members,
Please anyone guide me in the procedure for the issue of preference shares redeemable in 5 years through private placement.
Please help its urgent.
shares
preference
issue
query
Dear Colleagues,
Section 55 of Companies Act, 2013 talks about Issue and Redemption of Preference Shares. However, there is no provision on partial redemption of Preference shares. Can it be done so legally ? If yes, what are the compliances to be taken care of?
Request to accord inputs please.
possible
shares
preference
redemption
partial
Dear Members,
Kindly let me know, is there any place in MGT 9, where we mention the details of preference shares. I was not able to find it.
In one of our client Company, the Company has preference shares as well as equity shares. I am looking into form MGT 9 (Extract of Annual Return). I am surprised to note that the details of preference shareholders is not provided in MGT 9.
If the same is not provided in MGT 9, can anyone let me know what is the intention of not having the same in MGT 9.
detailsmgt
shares
preference
A company has no preference shares. Can preference shares be issued under rights issue to existing equity shareholders?
Also how are preference shares valued at the time of issue? Is it same as equity share valuation?
issue
rights
under
shares
preference
