The Ministry of Finance is in the process of strengthening the regulatory framework of the commodity derivative markets for some time. As part of this process, greater empowerment of Forward Markets Commission (FMC), the market regulator is also bei
A is a pvt ltd co who has issued Non cum Non convertible Pref shares .The said Pref shares are due for redemption as the 20 years period is coming to and end in Nov'14. The co is unable to redeem but Pref shareholders are wiling to convert the same into equity shares by giving up all their rights title and interest both past, present and future. What procedure co has to follow?