The Public Companies (Terms of Issue of Debentures and Raising of Loans with Option to Convert such Debentures or Loans into Shares) Amendment Rules, 2003.
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Debenture conversion rules amended; Companies Act provisions activated and notifications circulated for immediate administrative compliance. The Government circulated three Gazette notifications: a corporate name change to IFCI Venture Capital Funds Ltd.; declaration of the effective date for specified provisions of the Companies (Second Amendment) Act, 2002; and the Public Companies (Terms of Issue of Debentures and Raising of Loans with Option to Convert such Debentures or Loans into Shares) Amendment Rules, 2003, which amend regulation of convertible debentures and loans. The circular forwards these notifications to all Regional Directors and Registrars of Companies and requires acknowledgement of receipt.
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Debenture conversion rules amended; Companies Act provisions activated and notifications circulated for immediate administrative compliance.
The Government circulated three Gazette notifications: a corporate name change to IFCI Venture Capital Funds Ltd.; declaration of the effective date for specified provisions of the Companies (Second Amendment) Act, 2002; and the Public Companies (Terms of Issue of Debentures and Raising of Loans with Option to Convert such Debentures or Loans into Shares) Amendment Rules, 2003, which amend regulation of convertible debentures and loans. The circular forwards these notifications to all Regional Directors and Registrars of Companies and requires acknowledgement of receipt.
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