TMI BlogParticulars regarding the terms of issue of debentures or the terms of raising of loans by a public company.X X X X Extracts X X X X X X X X Extracts X X X X ..... into Shares) Rules, 1977 - Act-Rules - Particulars regarding the terms of issue of debentures or the terms of raising of loans by a public company. 03. The terms of issue of debentures or the terms of [1] [raising of loans] by a public company which include a term providing for an option to convert such debentures or loans [2] [or any part thereof] into shares in the company or to s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onsequent upon the conversion of debentures or loans into equity capital; (d) having regard to the financial position of the company, the terms of issue of the debentures or the terms of the loans, as the case may be, the rate of interest payable on the debentures or loans, the capital of the company, its loans, liabilities, its reserves, its profits during the immediately preceding five ye ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eduled bank or public financial institution has given the company notice of its intention to convert such loans or debentures at least 30 days prior to the intended date of conversion.] ------------------------------------------- Notes:- [1] Substituted by GSR 623, dated 8-5-1978, w.e.f. 13-5-1978. [2] Inserted, by GSR 623, dated 8-5-1978, w.e.f. 13-5-1978. [3] Substitu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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