E-form To Be Filed with MCA for Conversion of CCPS into Equity & Conversion of Loan into Equity

[rafi shariff]

Dear Members,

Greetings of the Day!

In reference to the above captioned subject, please refer to the below query:

Preference Shares of Private Limited Company are converted into equity and loan of the Company is also converted into equity. Please let me know which e-form is required to be filed with Ministry of Corporate Affairs after the conversion of preference shares into equity and loan into equity.

Based on my research E-form SH-7 is required to be filed but SH-7 gives a reference to section 61 where section 61(c) talks about convert all or any of its fully paid-up shares into stock, and reconvert that stock into fully paid-up shares of any denomination. does conversion of preference shares includes in the definition of stock??

Regards and thanks,
CS Rafeeulla Shariff
Mobile No. +91 7259700201

[Akshay Vernekar]

Mr. Shariff,

I am not sure of the forms that is to be filed for the conversion of CCPS to equity but just to bring in to your notice, conversion of CCPS into equity comes nowhere around conversion of Stocks into Shares or vice versa under Section 61.

Conversion of Stocks into Shares or vice versa is different from conversion of CCPS to equity.

Kindly correct me if I am wrong.

Regards,

Akshay S Vernekar

Cell : +91 9620 164 521

http://snsspearheads.blogspot.in

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