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Optionally convertible debentures

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(Querist)
04 August 2014 Any one Please clarify that, whether Company can issue, Optionally Convertible Debentures, convertible into preference shares.
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
05 August 2014 Section 71- A company may issue debentures with an option to convert such debentures into shares, either wholly or partly at the time of redemption, which shall be approved by a special resolution passed at a general meeting.


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