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 ?
Click here to view / answer Share it onIn 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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