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Question
Explain the following term/concept.
Conversion of Debentures
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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:
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