Conversion into section 25 company
This query is : Resolved
22 July 2010
Presently our company is registered as a Public Company under the Companies Act, 1956 but now we want to convert our company into section 25 company. In this regard I have the following queries
1.Can we convert our existing company into section 25 Company.
2.Presently we are having Preference Share Capital of Rs.10 Crores in the capital structure of the company, so can we continue to have preference shares even after the conversion into section 25 or we have to redeem the preference shares before conversion.
1.Can we convert our existing company into section 25 Company.
2.Presently we are having Preference Share Capital of Rs.10 Crores in the capital structure of the company, so can we continue to have preference shares even after the conversion into section 25 or we have to redeem the preference shares before conversion.
22 July 2010
Reply to both the queries is Yes. Conversion is possible and issuing preference shares is also possible.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Sale of property furniture sale
- Applicability of Tax audit u/s 44AB of income tax act, 1961
- Question about eligibility for tax rebate u/s 87A
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- IGST Credit-Show cause notice issued-confusion
Trending Online Classes
CAclubindia
