Easy Office
Easy Office

Section 55

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 March 2023 Can company convert debentures into capital for the purpose of redemption of preference share as we have to issue share, without issuing we convert debt in capital.
Kindly tell is it allowed.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
05 March 2023 Yes, it's allowed in case of convertible debentures issued.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links