Conversion of preference shares invested by nri into equity

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Tejal (Querist)
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30 May 2013 An Indian Private Limited Company had issued Preference Shares to NRI at Rs 100 4 years before. Now at the time of redemption the Investor opts for conversion into Equity Capital. Please advice on the pricing of the conversion

Tejal

Tejal (Querist)
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30 May 2013 Please help me on this it is very urgent

Ajay Mishra

Ajay Mishra (Expert)
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22 June 2013 Please check the Agreement made with Foreign Investors and also check what your company's articles says on it.

If agreement permit then you will allot equity shares and file FC-GPR with RBI through AD.

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Tejal

Tejal (Querist)
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01 July 2013 Is there a document giving list of all TRACES FAQs and their answers? On the website it is not possible to take print of all questions and answers together.