Regulation 12 - Issue of convertible debt instruments for financing
Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Part II ISSUE OF CONVERTIBLE DEBT INSTRUMENTS AND WARRANTS
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Convertible debt restrictions: issuance to promoter-related parties prohibited; short term fully convertible instruments allowed if converted promptly. Issuance is prohibited of convertible debt instruments to finance or provide loans to, or to acquire shares of, members of the issuer's promoter group or ... Summary
Referred In :
Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Convertible debt restrictions: issuance to promoter-related parties prohibited; short term fully convertible instruments allowed if converted promptly.
Issuance is prohibited of convertible debt instruments to finance or provide loans to, or to acquire shares of, members of the issuer's promoter group or group companies, except that the issuer may issue fully convertible debt instruments for these purposes if the conversion period from the date of issue is under eighteen months.
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