Preeti Panthri (Company Secretary) (33 Points)
19 June 2013Dear Friends,
My Company is an unlisted public limited company. We have issued Fully Convertible Debentures to be converted into equity after 18 months of allotment. Now is it possible for us to convert these Debentures into Equity before maturity?
If yes, what approvals are required or could you please suggest the procedure required?
Rajat Poddar
(Qualified CS and CA Finalist)
(3355 Points)
Replied 19 June 2013
go through the below mentioned link... complete proceedure is priscribed .. ur quoery would also be resolved..
https://docs.google.com/viewer?a=v&q=cache:pkxzIjYWxdYJ:www.eshwars.com/ARTICLE_AUDIT_COMMITTEE.pdf+who+can+issue+debentures&hl=en&gl=in&pid=bl&srcid=ADGEESiC-tI62C5Ow6Vp_2f0tzhGqHh8ly0tQtycZC3JuAVBVENF7cNoazJgugfD6Y7wkhaznKPRN693oE4YmENEas9LN3GOIknUy3Zy_NAto3TUrRqjKO0mJIoIBlDy5PngxiIqoXQo&sig=AHIEtbQ5-m969izIiNnBj0nGqJMwDfmMWw
CAclubindia
