Conversion warrants in equity

This query is : Open

meenu (Querist)
Follow

03 June 2009 Dear member

hi
i want to know the procedure of conversion warrants in equity and what type of formalities should be done before that. please help me.

Meenu

Ankur Garg

Ankur Garg (Expert)
Follow

04 June 2009 Hi Meenu,

I believe you are talking about a Listed Company. Then in that case simply hold a board/committee meeting to allot shares on conversion of warrants.

With in 15 days of allotment in board/committee meeting file listing application with Stock Exchange in order to get the shares listed at the stock Exchange.

If you need Board Resolution for allotment of Equity Shares on conversion of warrants then send me a Testmail at ankur_gargcs@rediffmail.com.

Best Regards

Message likes : 1 times

meenu

meenu (Querist)
Follow

10 June 2009 Hi Mr. Garg

Thanks you to help me.

CS Nikita Sheth

CS Nikita Sheth (Expert)
Follow

03 February 2012 Ankur Sir,

please advice me whether prior in principal approval is not required before holding the Board meeting for allotment of shares? since my company has received the application from the warrant holders for conversion of the warrant into equity shares.

Please guide me. I am very much confused some says its required to take prior in principal approval and other says if in principal approval is taken at the time of allotment of warrant then its not required to take in principal approval again we have to just apply for listing approval.

please suggest me.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now