TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Companies Can Convert Debentures to Shares with Special Resolution Approval; Must Follow Section Regulations for Issuance and Redemption.</h1> A company can issue debentures with an option to convert them into shares upon redemption, subject to approval by a special resolution at a general meeting. Debentures cannot carry voting rights, and secured debentures must adhere to prescribed terms. Companies must establish a debenture redemption reserve from profits for redemption purposes. A prospectus or offer for debentures exceeding 500 members requires appointing debenture trustees. Trustees must protect debenture-holders' interests and cannot be exempt from liability for breach of trust. Companies must pay interest and redeem debentures as agreed. The Tribunal can impose restrictions or order redemption if a company defaults, with penalties for non-compliance. The Central Government may prescribe related procedures and requirements.
TaxTMI 
TaxTMI 
