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Restriction on bonus issue
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....g 3[compulsorily] convertible debt instruments 4[,if any,] in proportion to the convertible part thereof. (2) The equity shares 5[so] reserved for the holders of fully or partly 6[compulsorily] convertible debt instruments shall be issued at the time of conversion of such convertible debt instruments on the same terms or same proportion 7[at] which the bonus shares were issued. ******** ....


TaxTMI
TaxTMI