Allotment
This query is : Resolved
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
(Expert)
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.
Check regulation 75 of ICDR regulations.
14 April 2010
Agree with Ankur. In addition, once the conversion takes place, the allotment is deemed.
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