Dear Friends
Any one has done the procedure for conversion of the optionally Convertible Non - cumulative preference shares into equity ?
if yes pl share the procedure
shares
into
equity
preference
conversion
regarding
Dear Friends
Any one has done the procedure for conversion of the optionally Convertible Non - cumulative preference shares into equity ?
if yes pl share the procedure
shares
into
equity
preference
conversion
regarding
Can someone please share the documents for the issue of preference shares in a private limited company?
shares
preference
issue
Hello,
Can someone please share the documents for issue of preference shares in private limited company?
shares
preference
issue
Dear Members,
A company has issued redeemable preference shares for 20 years period. In this case, when can the company redeem the preference shares? should it redeem after completion on 20 years or before the expiry of 20 years?
If it can redeem after completion of 20 years, in how days it has to complete all proceedings?
shares
preference
redemption
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
convertible
into
redeemable
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?
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preference
redemption
