Preference Share Capital definition
Examples of Preference Share Capital in a sentence
The Authorised Share Capital of the Company is Rs. 740 crores (Rupees seven hundred forty crores only) consisting of Equity Share Capital of Rs. 5,00,00,000 (Rupees five crores only) divided into 50,00,000 (Fifty lakhs) equity shares of Rs 10 each and Redeemable Non Convertible Preference Share Capital of Rs. 735,00,00,000 (Rupees Seven hundred thirty five crores only) divided into 7350 (seven thousand three hundred fifty) Redeemable Non Convertible Preference Shares of Rs. 10,00,000 each.
Particulars amonut already raised ▇▇▇▇▇▇ proposed to be raised Total Equity A Equity from spv@5% - - 21.37 B Share premium - - - C Preference Share Capital - - - Debt D Term loans (0%) - - - E Unsecured loans and deposits - - - Quasi Equity F Interest free unsecured loans - - - G Subsidy : central govt.
The issued, subscribed and paid-up Preference Share Capital of Jaysynth Dyestuff (India) Limited of Rs. 7,00,00,000/- comprising of 7,00,000 9% Non Convertible Cumulative Preference Shares of Rs. 100/- each, fully paid up shall be reduced to Rs. 70,00,000/- comprising of 7,00,000 9% Non Convertible Cumulative Preference Shares of Rs. 10/- each, fully paid up.
Form of Minutes reflecting reduction of the Preference Share Capital is enclosed as “Annexure - A” hereto.
Upon cancellation of the Preference Share Capital of the Transferee Company, the same will be credited to the statement of profit and loss of the Financial Statements of the Transferee Company.