Hi... Its a bit urgent.... I just wanted to knw as to wat is the maximum period to convert unsecured preference shares... Kindly let me know asap with a relaible source too... TIA... :) 

Posted 1 year, 11 months ago by Mohit Jain


As per section 55 of companies Act, 2013 A company limited by shares may, if so authorised by its articles issue preference shares which are liable to be redeemed within a period not exceeding twenty years from the date of their issue subject to such conditions as may be prescribed.

You can read the section.

Posted 1 year, 11 months ago by Rahul Rai


I want to knw abt the maximum time limit for conversion of such shares... So is it tht redemption an conversion are the same??  

Posted 1 year, 11 months ago by Mohit Jain


You need to convert within 20 years, that is what act says.

Posted 1 year, 11 months ago by Rahul Rai


I think redemption an conversion 2  diff things... 

Posted 1 year, 11 months ago by Mohit Jain


If you convert even that is redemption. Will update after connecting to some company secretaries.

Posted 1 year, 11 months ago by Rahul Rai


Section 55 talks abt redemption an not abt conversion...

Posted 1 year, 11 months ago by Mohit Jain


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