Preference shares
This query is : Resolved
25 February 2016
Can a Pvt.Ltd.Company issue preference shares to the persons who are not equity share holders? Can proceeds of preference shares be used for repayment of existing unsecured loans? What is the longest period for which redeemable preference shares can be issued? At what price preference shares be issued? Can preference shares be issued on premium?
25 February 2016
1. Act not restrict conversion of Loan into Preference shares. but practically its not possible to convert.
2. Yes can be issue to a person who is not equity share holder.
3. 20 years
4. yes can be issue on premium
2. Yes can be issue to a person who is not equity share holder.
3. 20 years
4. yes can be issue on premium
26 February 2016
Thanks Divesh.
I don't want to convert Loan into preference shares but I want to use the proceeds from issue of preference shares to repay my unsecured loans. Is it possible?
I don't want to convert Loan into preference shares but I want to use the proceeds from issue of preference shares to repay my unsecured loans. Is it 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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
