Treatement of warrents
This query is : Resolved
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.
26 May 2008
in my opinion, it is not an allotment of shares. warrants are not shares in itself.
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