https://www.taxtmi.com/acts?id=33509 Roll over of the non-convertible portion of partly convertible debt instruments is allowed subject to Companies Act compliance and conditions: approval by a qualified majority of holders via postal ballot; provision of an auditors' certificate on cash flow and liquidity with the resolution notice; an undertaking to redeem instruments of dissenting holders; and procurement and communication of a recent credit rating. Existing security need not be recreated if it permits continuance, but the debenture trustee may require fresh security or a new trust deed. en-us Fri, 21 Dec 2018 12:28:14 +0530 Fri, 09 Aug 2024 15:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33509 Roll over of the non-convertible portion of partly convertible debt instruments is allowed subject to Companies Act compliance and conditions: approval by a qualified majority of holders via postal ballot; provision of an auditors' certificate on cash flow and liquidity with the resolution notice; an undertaking to redeem instruments of dissenting holders; and procurement and communication of a recent credit rating. Existing security need not be recreated if it permits continuance, but the debenture trustee may require fresh security or a new trust deed. Act-Rules SEBI Fri, 21 Dec 2018 12:28:14 +0530 https://www.taxtmi.com/acts?id=33509