https://www.taxtmi.com/acts?id=31683 The amendment substitutes the phrase "discounted price" with "discount" and permits a company to issue shares at a discount to its creditors when debt is converted into shares pursuant to a statutory resolution plan or debt restructuring scheme, provided such conversion follows guidelines, directions or regulations specified by the Reserve Bank of India under the Reserve Bank of India Act or the Banking (Regulation) Act. en-us Thu, 04 Jan 2018 18:27:55 +0530 Thu, 04 Jan 2018 18:27:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31683 The amendment substitutes the phrase "discounted price" with "discount" and permits a company to issue shares at a discount to its creditors when debt is converted into shares pursuant to a statutory resolution plan or debt restructuring scheme, provided such conversion follows guidelines, directions or regulations specified by the Reserve Bank of India under the Reserve Bank of India Act or the Banking (Regulation) Act. Act-Rules F. Acts / Amendment Acts Thu, 04 Jan 2018 18:27:55 +0530 https://www.taxtmi.com/acts?id=31683