Conversion of pref caipital into equity capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 November 2011
DEAR SIR,
MY NAME IS PARAG,
I WANT TO KNOW IS THERE ANY CAPITAL GAIN ON TRANSFERRING PREFERENCE SHARE INTO EQUITY SHARES ?
THANKS
MY NAME IS PARAG,
I WANT TO KNOW IS THERE ANY CAPITAL GAIN ON TRANSFERRING PREFERENCE SHARE INTO EQUITY SHARES ?
THANKS
09 November 2011
In the conversion no monetary effect take place so capital gain not arised,but in case of sale capital gain will raised.
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