Share Capital & Section 71 Debentures | Rule 18 - CA Inter Corporate and Other Laws

Share Capital & Section 71 Debentures | Rule 18 - CA Inter Corporate and Other Laws - CA Inter

Share Capital & Section 71 Debentures | Rule 18 - CA Inter Video Lectures

Section 71 of the Companies Act, 2013 (Companies Act) permits a company to issue debentures with an option to convert such debentures into shares, either wholly or partly at the time of redemption; Provided that, the issue of debentures with an option to convert such debentures into shares, wholly or partly, shall be approved by a special resolution passed at a general meeting.

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