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Should return of allotment be filed for allotment of Compulsorily Convertible Debentures in Form PAS 3. At the time of conversion, what form needs to be filed for extinguishing the debentures, apart from Form PAS 3 for the equity shares allotted pursuant to the conversion.

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Posted By: Arun kumar 10 year(s) ago

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Yes. PAS-3 is required to be filed for allotment of CCDs as well. No form for extinguishment of CCDs, however, PAS-3 is also required to file for equity shares arising pursuant to conversion of CCDs. If the CCDs have been allotted in demat form, then a corporate action has to be done with depositories for extinguishment of securities.

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Expert Ankit Singhi

No such form is prescribed as of now

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