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of <h1>Public Companies Can Issue Convertible Debentures Without Central Approval If Specific Conditions Are Met</h1> The terms for issuing debentures or raising loans by a public company, which include an option to convert these into shares, do not require Central Government approval if specific conditions are met. These conditions include issuing debentures or loans through private subscription or public prospectus, having a public financial institution or scheduled bank underwrite or subscribe to the issue, obtaining necessary consent under the Capital Issues (Control) Act, and ensuring terms align with the company's financial status. Conversion of debentures or loans is restricted unless there's default in repayment or interest payment, with a 30-day notice required before conversion.
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