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Dear Sir/Madam, My query is as follow: One of my Company have issued Non-convertible Debentures in year 2014 for the term of 5 years. Now they wish to convert those debentures into equity, but as the debentures are non-convertible debentures can they be 1st converted into optionally convertible debentures and thereafter to equity. Is this possible do so? if yes, which of the provision under Companies Act, 2013 speak about the same. (Specially conversion related to non-convertible debentures to optionally convertible debentures) Thanks in advance, Nikita Bhandari

Section 71- Debentures.

Posted By: Nikita 8 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Shivam Singhal

Yes, the Company can do so provided it shall be required to obtain the consent of the concerned security holders & pass a special resolution for variations in the terms of issue (From NCDs to optionally/compulsorily convertible debenture, as the case may be) and subsequently issue equity shares by comply with the provisions of sec 61, 71 of the Companies Act, 2013 . Further, also abide by other securities laws (like SEBI –ICDR Regulations, 2009, SEBI Listing Regulations etc) if the subject entity is listed one.

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