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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
The rate of interest payable on debentures is ______.
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Interest warrants are sent to ______ of the company.
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Conciseness
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Draft a letter to debentureholder informing him about redemption of debentures.
Draft a letter to the debentureholder informing him about the redemption of debentures.
Draft a letter to debentureholder informing him about redemption of debentures.
Draft a letter to the debentureholder informing him about the redemption of debentures.
Draft a letter to debentureholder informing him about redemption of debentures.
Draft a letter to debentureholder informing him about redemption of debentures.
Draft a letter to debentureholder informing him about redemption of debentures.
