convertion preference share capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 May 2010
Hi,
i am working NBFC (MICRO FIN COMPANY)FLOATED 2009.COMPANY WANTED TO CONVERT PREFERENCE CAPITAL INTO EQUITY.PLZ ADVICE THE PROCESS
REGARDING THAT
i am working NBFC (MICRO FIN COMPANY)FLOATED 2009.COMPANY WANTED TO CONVERT PREFERENCE CAPITAL INTO EQUITY.PLZ ADVICE THE PROCESS
REGARDING THAT
17 May 2010
Please confirm whether the preference shares are issued on convertible basis. If no, then direct conversion is not possible. Firstly you will have to change the terms and conditions of the preference shares by way of variation in rights and then complete the procedure for conversion.
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