Issue Convert. Preferance Share @ Premium

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Himansu Sekhar

Himansu Sekhar (Querist)
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02 February 2011 Can a Private Company Issue 0% convertable preferance shares at premium?

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
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02 February 2011 There is no bar in the Companies act to issue Convertible debenture by a Private Limited Company at a premium.

Himansu Sekhar

Himansu Sekhar (Querist)
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02 February 2011 Thanks A lots sir.

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Himansu Sekhar

Himansu Sekhar (Querist)
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02 February 2011 But My quary is convertable preferance share not the debenture

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
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03 February 2011 No Convertible preference share is not a debenture. It is a part of the Company. Your Cpaital clause of Memo should contain the amount up to which a company can issue Convertible preference share. If there is no provison in MEMO. You first has to amend Memo & Article