5 Replies
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 22 February 2014
Yes, it is possible.
Option-I:
Pass special resolution u/s 106 in class meeting for variation of rights of shareholders.
Option-II:
Prepare scheme of arrangement u/s 391-394 providing for such conversion and get the same approved by High Court.
AayushiAgrawal
(Company Secretary)
(37 Points)
Replied 25 July 2014
No need of high court approval if holders of 3/4 th of the issued shares of that class give their consent
Nithya V
(Senior Associate in PCS Firm)
(47 Points)
Replied 12 October 2015
Dear All,
Kindly provide the procedure for converting prefernce shares into equity shares.
What are all the forms to be filed with ROC???
Zubin Nicholas Pereira
(Student)
(22 Points)
Replied 18 January 2017
Dear Sir,
With regard to such conversion of Preference Shares to Equity Shares, what are the RBI Guidelines regarding the same?
Thank you.
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