https://www.taxtmi.com/acts?id=33510 Conversion into equity requires positive consent from each holder; silence is not consent. For large-value listed convertible issues where conversion price was not fixed at issue, holders must be offered the option not to convert unless an upper price limit or conversion formula and justification were disclosed at issuance. If some holders decline conversion at the shareholders' meeting price, the issuer must redeem the declined portion within one month at not less than face value, except where redemption is provided for in the offer document. en-us Fri, 21 Dec 2018 12:28:32 +0530 Fri, 09 Aug 2024 15:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33510 Conversion into equity requires positive consent from each holder; silence is not consent. For large-value listed convertible issues where conversion price was not fixed at issue, holders must be offered the option not to convert unless an upper price limit or conversion formula and justification were disclosed at issuance. If some holders decline conversion at the shareholders' meeting price, the issuer must redeem the declined portion within one month at not less than face value, except where redemption is provided for in the offer document. Act-Rules SEBI Fri, 21 Dec 2018 12:28:32 +0530 https://www.taxtmi.com/acts?id=33510