Board Resolution for Conversion of Class of Shares

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Summary

A Board Resolution for Conversion of Class of Shares is a formal written decision made by the Board of Directors of a company authorizing the process of changing one type of share into another.
For example:
1. Converting Preference Shares into Ordinary Shares
2. Converting Redeemable Shares into Non-redeemable Shares
3. Consolidating or reclassifying shares from one class into another

Important Notes:

- A Board Resolution alone is not sufficient — a Special Resolution of shareholders is required under the Companies Act, 2015 to approve the conversion of share classes.
- You must file the special resolution and updated Statement of Capital with the Registrar of Companies.
- If there are pre-existing shareholders’ agreements, check for consent requirements before effecting conversion.

Disclaimer: This document is not to be taken as legal advise.

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