Alteration in terms fixed for redeemable preference shares

Co Act 2013 1033 views 1 replies

Dear Friends,

We have issued Redeemable Preference Shares before 1year with rights fixed for the term of 7 years.

May I know whether, the terms fixed can be extended as per new act, if so kindly let me know the procedures for the same.

It  is a listed co but having unlisted preference shares.

Thanks in advance

Rgds

Sangeetha

Replies (1)

You can go for variation of rights of shareholders u/s 106 of CA 1956.  Corresponding Sec.48 of CA 2013 has not been notified yet.

 


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