https://www.taxtmi.com/notifications?id=127710 Conversion of debt into equity under a strategic debt restructuring scheme is excluded from the Chapter's preferential issue requirements when equity is allotted to a consortium of banks and financial institutions pursuant to RBI guidelines, provided the conversion price follows RBI guidance and is not below face value, is certified by two independent qualified valuers, the allotted shares are locked in for one year (with transferee continuation of lock in permitted for transfers made to transfer control), and Companies Act requirements including a special resolution are met; other secured lenders joining the scheme are similarly covered. en-us Tue, 05 May 2015 00:00:00 +0530 Fri, 04 Jan 2019 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=127710 Conversion of debt into equity under a strategic debt restructuring scheme is excluded from the Chapter's preferential issue requirements when equity is allotted to a consortium of banks and financial institutions pursuant to RBI guidelines, provided the conversion price follows RBI guidance and is not below face value, is certified by two independent qualified valuers, the allotted shares are locked in for one year (with transferee continuation of lock in permitted for transfers made to transfer control), and Companies Act requirements including a special resolution are met; other secured lenders joining the scheme are similarly covered. Notifications SEBI Tue, 05 May 2015 00:00:00 +0530 https://www.taxtmi.com/notifications?id=127710