Please suggest your valuable opinion on the following subject matter-
We have converted our preference share in to equity shares and filed form PAS 3 for return on Allotment of Equity to preference share holder but we are in confusion whether form SH-7 required for alteration in share capital is required to file with ROC under conversion.
Please suggest and guide us under which section form SH-7 is required to file with ROC.
eForm SH-7 is required to be filed pursuant to Section 64 (1) of the Companies Act, 2013 and rule 15 of Companies (Share Capital & Debentures) Rules, 2014 Whenever a company alters its share capital/ number of members independently or increases the share capital by conversion of debentures/loans due to order of Central Government, then a return shall be filed with the registrar within 30 days of such alteration or increase. The return shall also be filed where the company redeems any redeemable preference shares
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