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Preference shares- Security, Corporate Laws / SEBI / LLP

Issue Id: - 3430
Dated: 22-9-2011
By:- VIRENDER PANDEY

Preference shares- Security

Contents

XYZ Ltd issued prefrence share of Rs 9,99,00,000/- . Out of amount recieved the company made FD of Rs 9,50,00,000 in the name of the company . Now the company want to give this FD as a security to preference shareholder by entering in to agrement with them. Is this valid as per company law and if valid what are the guidelines & procedure which need to be follow?

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Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 12-4-2013
By:- CA. Surender Gupta