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of <h1>Companies can appeal government order to convert debentures to shares under Rule 72 and Section 62(4).</h1> Under Rule 72 of the National Company Law Tribunal Rules, 2016, a company may appeal to the Tribunal if it disagrees with a government order issued under Section 62(4) of the Companies Law. This order allows the government to convert debentures or loans into company shares in the public interest, even if the original terms did not include such a conversion option. The company has sixty days from the order's communication to file an appeal using Form NCLT-9. The Tribunal will then hear both the company and the government before making a decision.
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