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Treatement of warrents

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(Querist)
24 May 2008 Company has issued warrents to parties covered u/s 301 of the companies act.And the warrent would be converted into equity after 18 months from the date of issue should above transaction be treated as preferntial allotment of shares.
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
26 May 2008 in my opinion, it is not an allotment of shares. warrants are not shares in itself.

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