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Question
Explain the following term/concept.
Conversion of Debentures
Solution
Conversion of debentures means debentures are converted into equity shares on the expiry of a specified period and at a specified rate mentioned in the terms of the issue. The company has to get the approval of shareholders by passing a special resolution at the Extra Ordinary General Meeting for the conversion of debentures into equity shares.
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RELATED QUESTIONS
Attempt the following:
Write a letter to a debenture holder informing him about the conversion of debentures into equity shares.
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Interest warrants are sent to ______ of the company.
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Debentures which can be converted into equity shares.
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Which certificate will be issued after allotment of debentures?
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A Share Certificate must be issued after allotment of debentures.
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A Demat Request Form is sent along with the letter of Redemption of Debentures.
Arrange in proper order.
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