Can a Listed company issue preference shares by conversion of unsecured loan, by passing of a board resolution.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 02 March 2012
For issuing preference shares first you should have preference authorised capital. So make necessary arrangements. Also check the terms of loan.
Regarding Listing procedure I would suggest you to please have a direct chat with listing department. They’ll surely provide you the desired checklist for listing etc.
Regards
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