Optionally convertible preference shares

This query is : Resolved 

28 July 2016 can a company issue optionally convertible preference shares as per companies act, 2013??

urgent.

Thanks

29 July 2016 Dear Querist

YES, as per section 55 of the companies act, 2013 read with rules companies (share capital and debenture) rules, 2014. as its provides that a company may issue every type of preference shares excluding irredeemable preference shares by complying with the provisions of this section and rules made there under.



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