Should the Authorised Capital of the Company today include the number of equity shares that will be issued at the time of conversion?
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Issue of Compulsorily Convertible Debentures
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Yes ,It's Recommended ,else at the time of conversion , you have to first increase Authd capital and it may halt conversion exercise if shareholders go against the resolution..thnx
Its not necessary to increase the authorized capital at this point, but later at the time of conversion if the authorized capital falls short then that time you can increase the same.
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