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Law Student (Student )     20 November 2017

Cumulative convertible preference shares

In a case of arrears of dividend to cumulative convertible preference shareholders. My doubt is after the preference shares are converted into equity shares, whether the claim to arrears of dividend continues. Please back your answer with authorities! Also guidelines for issue of Cumulative convertible preference shares is applicable or not as Capital Issue Act 1947 has been repealed.


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