https://www.taxtmi.com/circulars?id=10987 Only the convertible portion of partly convertible debentures is exempt from the deposit definition under rule 2(b)(x); any debenture portion that remains unconverted after the conversion period will acquire the character of a loan and fall within the definition of deposits unless it is secured by mortgage of immovable property as excluded by the rule. en-us Fri, 30 Mar 1984 00:00:00 +0530 Mon, 20 Jun 2011 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10987 Only the convertible portion of partly convertible debentures is exempt from the deposit definition under rule 2(b)(x); any debenture portion that remains unconverted after the conversion period will acquire the character of a loan and fall within the definition of deposits unless it is secured by mortgage of immovable property as excluded by the rule. Circulars Companies Law Fri, 30 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10987