https://www.taxtmi.com/forum/issue?id=3430 A company issued preference shares and placed the proceeds in a company fixed deposit; it proposes to grant that fixed deposit as security to the preference shareholders by agreement. The core question is whether pledging or charging a company-held fixed deposit created from preference share subscriptions as security for those shareholders is permissible under company law and what procedural steps, approvals and documentation are required to implement such security. en-us Thu, 22 Sep 2011 15:59:16 +0530 Thu, 23 Jan 2025 15:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3430 A company issued preference shares and placed the proceeds in a company fixed deposit; it proposes to grant that fixed deposit as security to the preference shareholders by agreement. The core question is whether pledging or charging a company-held fixed deposit created from preference share subscriptions as security for those shareholders is permissible under company law and what procedural steps, approvals and documentation are required to implement such security. Discussion-Forum Companies Law Thu, 22 Sep 2011 15:59:16 +0530 https://www.taxtmi.com/forum/issue?id=3430