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
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.