21 October 2013
No Company shall, pending conversion of fully convertible debentures/partly convertible debentures, issue any shares by way of bonus unless similar benefit is extended to the holders of such fully convertible debentures/partly convertible debentures through reservation of shares in proportion to such convertible part of fully convertible debentures/partly convertible debentures. The shares so reserved may be issued at the time of conversion(s) of such debentures on the same times on which bonus issues were made to shareholders.
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