Forwarded query:
One of a Company want to issue debentures with an option to convert such debentures into shares through CCPS in future. So while drafting documents of CCD do I write the line below or what would be the correct line.
1. Approval of Issue and allotment of 36 Unsecured Compulsorily Convertible Debentures and/ or other debt Securities on private placement basis
or
1. Approval of Issue and allotment of 36 Unsecured Compulsorily Convertible Debentures
Please advise at the earliest.
If a body corporate is offered 11,000 equity shares by private company under private placement basis can such body corporate subscribe for only 10,000 equity shares and refuse to subscribe the balance ?
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In which context, "the order" has been used in section 274(1) of the Companies Act 2013 and "such order" has been used in section 274(3) of the Companies Act 2013?
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