Allotment

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LEENA (Querist)
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14 April 2010 Is there is any time limit within which a company can allot shares on conversion of warrants into equity shares.

Ankur Garg

Ankur Garg (Expert)
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14 April 2010 Presuming that u r talking about a listed company. As per ICDR regulation it is mandatory for a listed company to convert the warrants into equity shares with 18 months of allotment of original security (warrant).

Check regulation 75 of ICDR regulations.

Rasesh

Rasesh (Expert)
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14 April 2010 Agree with Ankur. In addition, once the conversion takes place, the allotment is deemed.

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