Question
When can Debentures be converted into shares?
Solution
Section 71. Debentures - (1) A company may issue debenture with an option to convert such debentures into shares, either wholly or partly at the time of redemption: Provided that the issue of debentures with an option to convert such debentures into shares, wholly or partly, shall be approved by a special resolution passed at a general meeting. Snapshot - Topic covered in Live class of SEBI Legal Course ixamBee
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