Share cap and Deb

the company wants to issue equity shares in differential rights then need to follow certain conditions: Point e) In F.y 21-22 x company decides to issue such shares then they must file the Financial statement(Balance sheet, P&L, cash Flow & notes) and annual return (AOC-4) for 3 F.Y immediately preceding the F.Y(for 20-21, 19-20 & 18-19) then only they can issue such shares. In case company fails to file such return then company issue differential right share.

Elavarasi B

CA Inter

★ 46K+

25-Aug-22 07:10

For issuing equity shares with differential rights the company need to follow certain conditions one of them is e) The company should not have defaulted in filing FS& annual return , for 3 financial years immediately preceding the financial year in which the company wants to issue . If company fails in filing the financial statements& Annual return , then it cannot issue such shares.

Mounika Satya sai Mullapudi

CA Inter

★ 3K+

25-Aug-22 10:10