Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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>Issuers Restricted from Using Convertible Debt for Group Loans or Acquisitions, Exceptions for Short-Term Fully Convertible Debt</h1> Issuers are prohibited from issuing convertible debt instruments to finance the replenishment of funds, provide loans, or acquire shares of entities within the same group or under the same management. However, issuers may issue fully convertible debt instruments for these purposes if the conversion period is less than eighteen months from the issue date. Entities are considered part of the same group if they meet the criteria outlined in the Monopolies and Restrictive Trade Practices Act, 1969, or if they are interconnected undertakings. The term 'under the same management' is defined by the Companies Act, 1956.
TaxTMI 
TaxTMI 
