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

CS Bijoy (Expert)
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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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