https://www.taxtmi.com/acts?id=33511 Issuance of convertible debt instruments is prohibited when used to finance, provide loans to, or acquire shares of members of the issuer's promoter group or group companies. An exception allows issuance of fully convertible instruments for those purposes only if they convert into equity within a short conversion period from the date of issue, making conversion timing the dispositive eligibility condition for the exception. en-us Fri, 21 Dec 2018 12:28:46 +0530 Fri, 09 Aug 2024 15:58:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33511 Issuance of convertible debt instruments is prohibited when used to finance, provide loans to, or acquire shares of members of the issuer's promoter group or group companies. An exception allows issuance of fully convertible instruments for those purposes only if they convert into equity within a short conversion period from the date of issue, making conversion timing the dispositive eligibility condition for the exception. Act-Rules SEBI Fri, 21 Dec 2018 12:28:46 +0530 https://www.taxtmi.com/acts?id=33511