Conversion warrants in equity
This query is : Open
03 June 2009
Dear member
hi
i want to know the procedure of conversion warrants in equity and what type of formalities should be done before that. please help me.
Meenu
hi
i want to know the procedure of conversion warrants in equity and what type of formalities should be done before that. please help me.
Meenu
04 June 2009
Hi Meenu,
I believe you are talking about a Listed Company. Then in that case simply hold a board/committee meeting to allot shares on conversion of warrants.
With in 15 days of allotment in board/committee meeting file listing application with Stock Exchange in order to get the shares listed at the stock Exchange.
If you need Board Resolution for allotment of Equity Shares on conversion of warrants then send me a Testmail at ankur_gargcs@rediffmail.com.
Best Regards
I believe you are talking about a Listed Company. Then in that case simply hold a board/committee meeting to allot shares on conversion of warrants.
With in 15 days of allotment in board/committee meeting file listing application with Stock Exchange in order to get the shares listed at the stock Exchange.
If you need Board Resolution for allotment of Equity Shares on conversion of warrants then send me a Testmail at ankur_gargcs@rediffmail.com.
Best Regards
Message likes :
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03 February 2012
Ankur Sir,
please advice me whether prior in principal approval is not required before holding the Board meeting for allotment of shares? since my company has received the application from the warrant holders for conversion of the warrant into equity shares.
Please guide me. I am very much confused some says its required to take prior in principal approval and other says if in principal approval is taken at the time of allotment of warrant then its not required to take in principal approval again we have to just apply for listing approval.
please suggest me.
please advice me whether prior in principal approval is not required before holding the Board meeting for allotment of shares? since my company has received the application from the warrant holders for conversion of the warrant into equity shares.
Please guide me. I am very much confused some says its required to take prior in principal approval and other says if in principal approval is taken at the time of allotment of warrant then its not required to take in principal approval again we have to just apply for listing approval.
please suggest me.
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