Terms & condition of debenture
This query is : Resolved
15 March 2014
Can Company change its Debenture Terms & Condition.
Our Company has issue debenture on Terms & Condition that it will be convertered into equity within 31.03.14. Now the Company want to redeem the debeture after 5 years by chnaging the Terms & Condition of same Debenture.
Now the question is whether it can be done by the Permission of Debetrure Holder or not?
Our Company has issue debenture on Terms & Condition that it will be convertered into equity within 31.03.14. Now the Company want to redeem the debeture after 5 years by chnaging the Terms & Condition of same Debenture.
Now the question is whether it can be done by the Permission of Debetrure Holder or not?
29 April 2014
I understand that Companies Act does not expressly provide for any restrictions.
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