Compulsorily convertible debentures reporting: exclude from paid-up capital and classify by investor holding for FLA return. Compulsorily convertible debentures and compulsory convertible preference shares must be excluded from paid-up capital in the FLA return. If held by a non-resident direct investor who also holds equity, these instruments are reported in the other capital component of the FDI/DI entry in Section III according to the investor's equity percentage. If a non-resident holds only CCDs at the reporting date, they are to be reported as portfolio investment in India (item 2.2 of Section III).